Raycloud plans to acquire 100% equity of Yitao for 200 million yuan, primarily engaged in e-commerce application management system business
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Raycloud plans to acquire 100% equity of Yitao (Shandong) Investment Management Co., Ltd. for a cash price of 200 million yuan. Yitao mainly engages in e-commerce application management system business, providing services such as procurement, distribution, product, and order management for e-commerce clients. This acquisition will integrate Yitao's supply chain and distribution management software, enrich Raycloud's product matrix, and extend services to procurement and supply chain management
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