Announced
Completed
Financials
Sources
Tags
Friendly
Consumer Services: Other
Completed
laundry services
Single Bidder
Private
Majority
China
Acquisition
Synopsis
24Tidy, an online life services company, completed the acquisition of Tiantian Laundry, a laundry services provider, for $135m. "24Tidy and Tiantian Laundry had reached the agreement before the epidemic. The outbreak of COVID-19 accelerated our pace to restructure the whole industry while the increasing domestic demands also accelerated the strategic upgrading of 24Tidy," Yao Zongchang, 24Tidy Founder.
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