Youxin Technology Ltd has announced that it has entered into a definitive agreement to acquire a 51% equity interest in Celnet Technology Co., Ltd. This strategic acquisition aims to bolster Youxin's enterprise SaaS capabilities and enhance its AI-driven innovation. Celnet, known for its information integration and management solutions and as the largest Salesforce.com partner in China, will complement Youxin's retail-focused SaaS and PaaS offerings. The transaction is valued at RMB 5,236,680 in cash, approximately US$736,461, along with equity and cash incentives contingent upon performance targets. The acquisition is expected to create synergies and advance Youxin's position in China's digital transformation ecosystem.
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