Covering Millions of Crypto Users, UTime Signs Non-Binding Letter of Intent to Acquire Data Platform "Feixiaohao" for Web3 Infrastructure Expansion
MWN-AI** Summary
On March 13, 2026, UTime Limited (Nasdaq: WTO), a Shenzhen-based global technology firm specializing in mobile devices and smart hardware, announced its plan to acquire Feixiaohao Technology Inc., the operator of the prominent Web3 data analytics platform, Feixiaohao, for a total value of up to USD 80 million. This transaction will involve the exchange of approximately USD 64 million in UTime ordinary or convertible preferred shares alongside USD 16 million in cash.
The acquisition is positioned as UTime's strategic foray into the burgeoning Web3 and blockchain data sectors, aimed at integrating millions of cryptocurrency users into its ecosystem. Feixiaohao is recognized for its comprehensive services, including digital asset pricing, on-chain data analytics, and market sentiment tracking, serving a vast global audience of crypto investors and enthusiasts. This platform effectively acts as a crucial entry point into the complex world of cryptocurrency.
UTime's CEO, Hengcong Qiu, emphasized the acquisition's potential to synergize Feixiaohao's extensive data capabilities with UTime's hardware manufacturing proficiency. This combination is expected to enable the development of innovative applications that incorporate blockchain data services into UTime's product lineup. Additionally, the acquisition includes all technological assets, source codes, databases, trademarks, and key personnel associated with Feixiaohao.
The prospective deal marks a pivotal step for UTime, aimed at bridging hardware and digital asset services. Preliminary discussions are underway following the signing of a non-binding letter of intent, with parties poised to negotiate a definitive agreement. Nonetheless, the completion of the transaction remains contingent on various conditions and potential regulatory reviews.
MWN-AI** Analysis
The recent announcement by UTime Limited (Nasdaq: WTO) regarding its intention to acquire Feixiaohao Technology Inc. is a significant move that could disrupt the company's trajectory and the broader Web3 market. The proposed $80 million acquisition represents UTime's strategic pivot toward leveraging blockchain technology and enhancing its digital ecosystem, tapping into the growing pool of cryptocurrency users.
Analysts should consider several factors when evaluating UTime's potential post-acquisition performance. First, Feixiaohao's reputation as a trusted data platform for millions of cryptocurrency investors positions UTime to gain immediate access to a large, engaged user base. This acquisition will likely enhance UTime’s value proposition by integrating Feixiaohao’s robust data analytics capabilities with its existing hardware offerings.
Furthermore, UTime's focus on integrating blockchain services into its mobile devices could pave the way for innovative applications that set the company apart in a highly competitive tech landscape. There is a clear trend indicating that users increasingly seek seamless integration of digital assets with everyday technology. If UTime successfully combines these sectors, it could lead to multiple revenue streams and a strengthened market position.
However, investors must remain cautious; the execution of this acquisition brings unknown risks, including regulatory scrutiny and potential challenges in integrating the two entities. Historical data has shown that acquisitions in the tech sector often face hurdles that can derail anticipated synergies. Therefore, while the potential upside is significant, stakeholders should monitor the progress of negotiations closely and assess any updates on integration plans, as these will be critical in determining UTime's future market performance.
In conclusion, while the acquisition of Feixiaohao presents a promising avenue for UTime, market participants should weigh the inherent risks against the potential rewards. A well-executed acquisition could transform UTime into a leader in the intersection of hardware and Web3 data services.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
SHENZHEN, China, March 13, 2026 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO), a global technology company engaged in the design, development, and manufacturing of mobile devices and smart hardware products, today announced its intention to acquire 100% of the outstanding equity of Feixiaohao Technology Inc., operator of the renowned “Feixiaohao” Web3 Data Analytics & Asset Pricing Platform (feixiaohao.ai).
The proposed transaction is valued at up to USD80 million, structured through a combination of USD64 million in UTime ordinary shares or convertible preferred shares and USD16 million in cash consideration. This intended acquisition, upon completion, will mark UTime’s strategic entry into the rapidly growing Web3 and blockchain data infrastructure sector, with the potential to bring millions of cryptocurrency users into its expanding digital ecosystem.
Feixiaohao: A Gateway to the Crypto World
Feixiaohao Technology Inc. owns and operates one of the most comprehensive Web3 data platforms in the industry, serving millions of cryptocurrency investors and Web3 enthusiasts worldwide. The platform provides essential data services including digital asset pricing, on-chain data analytics, project tracking, and market sentiment monitoring. With extensive coverage across multiple major public blockchains and thousands of digital assets, Feixiaohao has established itself as a trusted gateway for users navigating the complex cryptocurrency landscape.
The proposed acquisition would include all technology platforms, source code, databases, trademark rights, and key employee contracts and partnerships related to the Feixiaohao platform. UTime believes that this comprehensive asset package would position UTime to leverage Feixiaohao’s established user base and data infrastructure as a foundation for future growth in Web3 services.
Strategic Rationale: Bridging Hardware and Data
“With this intended acquisition, we are taking a significant step toward bringing millions of crypto users into the UTime ecosystem,” stated Mr. Hengcong Qiu, CEO of UTime Limited. “We believe that Feixiaohao is not merely a data platform—it is the entry point for millions of users exploring the blockchain world. If completed, this acquisition will enable us to integrate Feixiaohao’s robust data capabilities with UTime’s hardware expertise, creating innovative applications that bridge physical devices with digital assets.”
UTime further believes that the proposed transaction, if completed, would enable UTime to combine its hardware manufacturing capabilities with Feixiaohao’s data infrastructure, potentially enabling new product categories that integrate blockchain data services directly into mobile devices and smart hardware.
Next Steps
Following execution of the nonbinding term sheet, the parties have commenced preliminary discussions and intend to further negotiate and execute a definitive agreement, subject to the conditions outlined in the term sheet.
About UTime Limited
Trading under the NASDAQ ticker WTO, UTime Limited is engaged in the design, development, production, sales and brand operation of mobile devices in China and globally. UTime aims to provide cost-effective products and serves to a broad customer base. For more information, visit UTime’s website at utimemobile.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors that may cause UTime’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding UTime’s proposed acquisition of the data platform “Feixiaohao,” including whether the parties will negotiate and enter into a definitive agreement, whether the acquisition will be completed, and, if acquired, whether the Company will be successfully deploy any post-acquisition plans, integration activities, synergies, expected benefits, or Web3 infrastructure expansion initiatives. These forward-looking statements, and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us, including those described in UTime Limited’s Annual Report on Form 20-F and our other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Contact
Utime Limited
7th Floor, Building 5A
Shenzhen Software Industry Base, Nanshan District
Shenzhen, People’s Republic of China 518061
Attention: Hengcong Qiu, Chief Executive Officer
Tel: (86) 755 86512266
Email: qhengcong@utimemobile.com
FAQ**
How does UTime Limited (WTO) plan to leverage the Feixiaohao platform to expand its user base within the cryptocurrency market post-acquisition?
What are the anticipated challenges UTime Limited (WTO) may face in integrating Feixiaohao's data capabilities with its existing hardware product line?
How will the acquisition of Feixiaohao impact UTime Limited (WTO)'s market position in the rapidly evolving Web3 and blockchain data infrastructure sector?
What specific innovative applications does UTime Limited (WTO) envision creating by merging hardware expertise with Feixiaohao's data infrastructure?
**MWN-AI FAQ is based on asking OpenAI questions about UTime Limited (NASDAQ: WTO).
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