Yimutian shares surge 29.62% premarket after acquiring Xunxi for RMB 50M to enter enterprise digital commerce market.

Tuesday, Mar 24, 2026 6:06 am ET1min read
YMT--
Yimutian Inc. surged 29.62% in premarket trading following the announcement of a binding agreement to acquire Ningbo Xunxi Technology for RMB 50 million. The deal, comprising RMB 40 million in cash and RMB 10 million in stock options, positions Yimutian to enter the enterprise digital commerce market by integrating Xunxi’s 200+ institutional clients and 2 million-member platform. Xunxi’s 2025 audited revenue of RMB 340 million and strategic alignment with Yimutian’s agricultural supply chain infrastructure underscore the transaction’s value creation potential. The performance-linked earnout structure, tying management incentives to three-year profit targets, signals confidence in post-merger synergies. The acquisition expands Yimutian’s B2B commerce footprint, combining Xunxi’s demand-side procurement capabilities with its supply-side logistics expertise, driving optimism among investors.

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet