On January 3rd, Glonghui reported that Hangzhou Raycloud Technology Co., Ltd. (688365.SH) announced that according to the "Equity Acquisition Framework Agreement," the company intends to acquire 100% equity of Yitao (ShanDong) Investment Management Co., Ltd. (hereinafter referred to as the “target company” or “goal company”) through cash payment and issuing shares (hereinafter referred to as “this transaction”), with the total consideration for this transaction temporarily set at 0.2 billion yuan, including cash payment of 110 million yuan to purchase 55% equity of the target company and issuance of shares to pay 90 million yuan to purchase 45% equity of the target company. The cash acquisition and share issuance are not conditions for each other. After the completion of this transaction, the target company will become a wholly-owned subsidiary of the company, and this transaction is expected not to constitute a significant asset reorganization as defined by the "Reorganization Management Measures."
The target company has certain recognition in the e-commerce Saas software field, and its supply chain and distribution management software products have a high market ranking. As of the date of this announcement, the distribution order management software product of Yitao ranks first in the comprehensive ranking of distribution management tools in the 1688 service market under Alibaba Group, and both the number of orders from 1688 buyers and the number of distribution procurement orders rank first. The company has been focusing on the e-commerce Saas field, with layouts in various categories of e-commerce Saas. The existing e-commerce Saas software primarily supports tools around a vertical scenario for e-commerce merchants, such as e-commerce operation management, sales management, store management, customer management, and so on, while the Saas software products for the e-commerce supply chain and distribution management are still in the preliminary expansion stage.
Therefore, through this transaction, the company integrates the relatively mature supply chain and distribution management software products of the target company, further enriching the company's product matrix, extending its services to e-commerce clients into the procurement and supply chain management sector, and achieving good product synergy between both parties in terms of their product lines.
