Dream Network Technology (002123.SZ) plans to acquire 51% of the shares of data intelligence service provider Suzhou Xiyuan for 273 million yuan

Zhitong Finance App News, DreamNet Technology (002123.SZ) announced that in order to further accelerate business expansion and layout in data intelligence and AI communication and cultivate new performance growth points, Shenzhen DreamNet signed an “Share Acquisition Agreement” with Cai Guoqing, Wang Jiayi, and Yancheng Xiyuan Digital Technology Co., Ltd. to acquire 51% of Suzhou Xiyuan's shares in cash. After the transaction is completed, Suzhou Xiyuan will become a holding subsidiary of Shenzhen Dream Network and will be included in the scope of the company's consolidated statements. The transaction price (tax included) of the underlying shares was RMB 273 million.

Suzhou Xiyuan is a one-stop data solution provider focusing on the implementation of data value. Suzhou Xiyuan cooperates with cloud vendors, provincial/municipal data exchanges and three major operators. With big data capabilities and algorithm technology as the core, it outputs intelligent solutions integrating “operation+technology” to various industries to help customers transform data assets into business growth.

Suzhou Xiyuan, the target of this acquisition, is a data intelligence service provider with compliance qualifications, algorithm capabilities and data operation implementation experience. The company has deep connections with cloud vendors, provincial and municipal data exchanges and the three major operators, and has a complete data compliance circulation system. Its core capabilities cover user profile construction, automated labeling systems, privacy calculation modeling, data resource monitoring and intelligent strategy operation, and can provide enterprises with “technology+data+operation” one-stop data solutions.