According to the company, UTime’s proposed $80 million Feixiaohao acquisition would include technology, data, and index assets tied to crypto market information services.
In an official announcement, UTime said it signed a non-binding letter of intent to acquire 100% of crypto data platform Feixiaohao for up to $80 million. According to the company, the proposed consideration includes $64 million in shares or convertible notes and $16 million in cash. UTime said the transaction would include core assets such as Feixiaohao’s technology stack, database, Feixiaohao Index 100, and related pricing model, alongside its broader move into blockchain data infrastructure.