Youxin Technology (NASDAQ: YAAS) to acquire 51% of Salesforce partner Celnet
Rhea-AI Filing Summary
Youxin Technology Ltd has agreed to acquire 51% of the equity interests in Celnet, one of the largest Salesforce platinum partners in China. The initial consideration is RMB 5,236,680 in cash (approximately US$736,461), with additional equity and cash incentives payable if Celnet meets specified performance targets, all subject to agreed terms.
Celnet focuses on embedding AI into enterprise CRM solutions and has delivered more than 580 projects for over 350 enterprise clients, supported by a workforce where about 90% of staff are Salesforce-certified. The parties expect to complete the acquisition before November 2025, and Youxin has issued a press release providing further details.
Positive
- None.
Negative
- None.
Insights
Youxin plans a majority stake in Celnet, a major Salesforce AI-CRM partner in China.
The company agreed to buy 51% of Celnet for
Celnet is described as one of the largest Salesforce platinum partners in China, with more than 580 projects delivered for over 350 enterprise clients and about
The parties expect closing before
FAQ
What acquisition did Youxin Technology Ltd (YAAS) announce in this 6-K?
Youxin Technology Ltd agreed to acquire 51% of the equity interests in Celnet, a major Salesforce platinum partner in China, under an agreement described in the report.
How much is Youxin Technology Ltd paying to acquire 51% of Celnet?
Youxin will pay RMB 5,236,680 in cash (approximately US$736,461) as initial consideration, plus additional equity and cash incentives if Celnet meets specified performance targets.
Who is Celnet, the company being acquired by Youxin Technology Ltd (YAAS)?
Celnet is described as one of the largest Salesforce partners and a platinum partner in China, specializing in embedding AI into enterprise CRM solutions. It has completed more than 580 projects for over 350 enterprise clients, with about 90% of its team Salesforce-certified.
When do Youxin Technology Ltd and Celnet expect to complete the acquisition?
The parties expect to complete the acquisition of the 51% stake in Celnet before November 2025, according to the report.
Does the Celnet transaction include performance-based incentives for its sellers or management?
Yes. In addition to the initial cash payment, the agreement provides for equity and cash incentives that are payable upon the achievement of specified performance targets by Celnet.
How does Celnet use AI in its Salesforce CRM projects for clients?
Celnet leverages Salesforce CRM solutions to enable embedded AI for task automation and to advance toward AI agent maturity, moving from single-domain tasks to complex multi-domain collaboration and agent-to-agent coordination.