UTime to Acquire Feixiaohao for $80 Million in Crypto Data Platform Deal

KuCoinFlash

Release Time: 03/14/2026 02:36:07

Summary

UTime Limited (Nasdaq: WTO) has agreed to acquire Feixiaohao for $80 million, according to Odaily. The transaction includes $64 million in shares or convertible bonds and $16 million in cash. Feixiaohao’s technology stack, database, and its 'Feixiaohao Index 100' pricing model will be included in the deal. UTime plans to integrate the index into its mobile hardware to establish a new Web3 news and data service model. This move could enhance the tracking of inflation data using decentralized tools.

Odaily Planet Daily reports that Feixiaohao Technology Inc. recently signed a letter of intent with UTime Limited (Nasdaq: WTO), a Nasdaq-listed company. UTime plans to acquire 100% of Feixiaohao’s equity for $80 million ($64 million in shares/convertible bonds and $16 million in cash).

The core assets of this transaction include Feixiaohao’s technology stack and database, as well as the renowned "Feixiaohao Index 100" and its associated pricing model—widely regarded as a market barometer in the crypto space. As a Web3 data platform serving millions of users, Feixiaohao’s index system has become a critical reference for asset pricing in the industry. UTime plans to deeply integrate this index capability into its mobile hardware, pioneering a new paradigm of Web3 data services: "Real-time Index + Hardware Terminal."

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