Youlife International to go public via a SPAC merger with Distoken Acquisition in a $700m deal.

Youlife International, a blue-collar lifetime service platform in China, agreed to go public via a SPAC merger with Distoken Acquisition, a special purpose acquisition company, in a $700m deal. "We are thrilled to have reached a definitive agreement for a Business Combination with Distoken. We believe it will support our company's globalization, platformization, and AI intelligent transformation strategy with robust capital protection, and will accelerate our fast expansion in Greater China and abroad," Yunlei Wang, Youlife Chief Executive Officer.