Chinese Data Market Analysis Platform "Feixiaohao" to be Acquired by UTime for $80 Million

Odaily News Feixiaohao Technology Inc. recently signed a letter of intent for acquisition with Nasdaq-listed company UTime Limited (Nasdaq: WTO). UTime intends to acquire 100% equity of Feixiaohao for $80 million ($64 million in shares/convertible bonds + $16 million in cash).

The core assets of this transaction include Feixiaohao's technology stack and database, and more importantly, encompass the "Feixiaohao Index 100" and its associated pricing model, which is hailed as a barometer for the crypto market. As a Web3 data platform serving millions of users, Feixiaohao's index system has become a crucial reference for asset pricing within the industry. UTime plans to deeply integrate this indexing capability into its mobile hardware, pioneering a new paradigm of "real-time index + hardware terminal" Web3 data services.