UK strategic acquires China's VC-backed Yimian Data
UK-based enterprise IT services provider Ascential has acquired Yimian Data, a Chinese e-commerce analytics business backed by local VC firms ZhenFund and Legend Star.
Ascential is taking 100% of the start-up for an upfront payment of GBP19.5 million ($24.5 million) and has agreed to a four-year revenue-linked earn-out provision that is estimated to result in an additional...
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