Horizontal Baixing to acquire tech company

13 Jan 2017

The listed Chinese classifieds platform Baixing.com announced plans to acquire Shanghai Hechen Information Technology for RMB 25 million ($3.6 million U.S.), of which RMB 5 million will be financed by issuing equity.

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Tom Marling

Tom is a PhD candidate in Chinese History at Hong Kong Baptist University, and former PR consultant in Mainland China. He joined the AIM Group in 2016 as a writer/analyst.