Scienjoy To Acquire Top-Tier Online Live Streaming Platform Hongle.Tv And Expand Nft Business Scope
Acquiring Company
Scienjoy Holding Corporation
Acquired Company
Hongle.tv
BeijingOtherSoftwareMedia And EntertainmentArtificial IntelligenceData And AnalyticsDescription
Scienjoy Holding Corporation ("Scienjoy", the "Company", or "We") (Nasdaq: SJ), a leading live entertainment mobile streaming platform in China, today announced that it has entered into an equity acquisition framework agreement (the "Agreement") to acquire 100% equity interest in Beijing Weiliantong Tech Co., Ltd ("Weiliantong"), which holds Hongle.tv, and 100% equity interest in Golden Shield Enterprises Limited ("Golden Shield"), which holds the NFT business for a total consideration of RMB280 million (approximately US$43.8 million). The objective of the Agreement is to support the Company's strategic growth initiative of acquiring the top-tier online live streaming platform Hongle.tv and expanding NFT business scope.
Quick answer
Scienjoy Holding Corporation is acquiring Hongle.tv, announced December 29, 2021. Scienjoy Holding Corporation is based in Beijing, China.
- How much did Scienjoy Holding Corporation pay for Hongle.tv?
- The deal value was not disclosed.
- What does Scienjoy Holding Corporation do?
- Founded in 2011, Scienjoy is a leading mobile livestreaming platform in China, and its core mission is to build a livestreaming service ecosystem to delight and entertain users.
- Where are Scienjoy Holding Corporation and Hongle.tv based?
- Scienjoy Holding Corporation is based in Beijing, China.
Source: Fundz verified event record.
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Frequently asked
Who acquired Hongle.tv?
Hongle.tv was acquired by Scienjoy Holding Corporation, based in Beijing. The deal was reported on December 29, 2021. Founded in 2011, Scienjoy is a leading mobile livestreaming platform in China, and its core mission is to build a livestreaming service ecosystem to delight and entertain users. Scienjoy Holding Corporation is publicly traded (SJ) and operates in Other.
When did Scienjoy Holding Corporation acquire Hongle.tv?
Scienjoy Holding Corporation's acquisition of Hongle.tv was reported on December 29, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hongle.tv do?
It is privately held, operating in Data And Analytics.
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