Youlife Group to Acquire Four Companies to Strengthen Blue-Collar Talent Services Market Position

Youlife Group, a leading blue-collar lifetime service provider in China, announced its intent to acquire four companies to strengthen its market position. The target companies bring complementary expertise and regional influence across internet recruitment services, software and AI developments, human resource services, and vocational training. The acquisitions are expected to expand Youlife's market share and solidify its leadership position in China's blue-collar talent education, recruitment, and workforce solutions. Completion of the acquisitions remains subject to due diligence and final negotiations.

Youlife Group Inc. ("Youlife"), a leading blue-collar lifetime service provider in China, has announced its intent to acquire four companies to bolster its market position. The acquisitions aim to integrate complementary expertise and regional influence across internet recruitment services, software and AI developments, human resource services, and vocational training [1].

The target companies are Jiangsu Youlan Network Technology Co., Ltd, Hubei Joins Hands with Tongcheng Information Technology Co., Ltd, Guangxi Jiade Human Resources Service Co., Ltd, and Lijiang Bona Vocational Skills Training Co., Ltd. Jiangsu Youlan specializes in internet information services and software and AI developments, while Joins Hands focuses on software development and human resources services. Guangxi Jiade has extensive experience in recruitment, labor dispatch, and employment management services, and Bona is deeply engaged in vocational education.

Youlife believes that integrating these companies' strengths in information technology, digital solutions, and platform resources will enable it to build a comprehensive, closed-loop ecosystem spanning online recruitment, HR services, career consulting, vocational skills training, and education. The proposed acquisitions are expected to expand Youlife's market share in internet recruitment, currently at nearly 700,000 online users, and regional markets, while further solidifying its leadership position in China's blue-collar talent education, recruitment, and workforce solutions [1].

Completion of the acquisitions remains subject to the results of due diligence and final negotiations. Investors should not place undue reliance on this press release [1].

References:
[1] https://www.prnewswire.com/news-releases/youlife-group-inc-announces-intent-to-acquire-four-companies-to-strengthen-market-position-in-blue-collar-talent-services-302534572.html