Meituan to acquire Light Year for $285m

Synopsis

Meituan, a Chinese shopping platform, agreed to acquire Light Year, an artificial intelligence company, for $285m The deal allows Meituan, in which online advertising giant Tencent holds an 18.7% stake, to strengthen its position in the AI landscape of China.

Principals

target

Light Year

bidder

Meituan Corporation

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Market Context

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Seller Team (1)

wang huiwen

Co-Founder at LIGHT YEAR

Manager

target

Deal

£ 225 M

Total Value

Bidder Team (2)

wang xing

CEO at MEITUAN CORPORATION

Manager

bidder

Deals

£ 5.29 B

Total Value

shaohui chen

CFO at MEITUAN CORPORATION

Manager

bidder

Deal

£ 225 M

Total Value

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