Meituan completed the acquisition of a 17% stake in Sunwoda Electronic for $718m.

Synopsis

Meituan, a shopping platform for locally found consumer products, completed the acquisition of a 17% stake in Sunwoda Electronic, a battery manufacturing company, for $718m.

Principals

target

Sunwoda Electronic Co

bidder

Meituan Corporation

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Market Context

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Seller Team (1)

wang mingwang

Co-Founder at SUNWODA ELECTRONIC CO

Manager

target

Deal

£ 607 M

Total Value

Bidder Team (1)

wang xing

CEO at MEITUAN CORPORATION

Manager

bidder

Deals

£ 5.29 B

Total Value

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