.
MergerLinks Header Logo

New Deal


Announced

Wuhan Zhongshang acquired Easyhome New Retail for $5.65bn from Alibaba.

Synopsis

Wuhan Zhongshang, a retail company in China, acquired Easyhome New Retail, a home improvement retailer, for $5.65bn from Alibaba, a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. The deal will also allow the reverse initial public offering for Easyhome’s retail arm on the Shenzhen stock exchange. The retail unit runs a digital platform which allows customers to buy items and order services, and which is currently linked to 284 Easyhome stores. The platform was developed with the help of Alibaba, which bought 15% of the company in February for $865m.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US