Alibaba Group Holding Ltd acquired Shenzhen OneTouch Business Services Ltd. (OneTouch) for RMB1.88 billion, a transaction completed in May 2014, structured as cash plus contingent consideration.
Shenzhen OneTouch Business Services Ltd. (OneTouch) operates in Wholesale / cross-border commerce services, is based in China (Shenzhen). OneTouch provides comprehensive export-related services for small businesses in China, including customs clearance, logistics, financing and foreign-currency services. Alibaba had first invested for a 65% interest in 2011; in May 2014 it acquired the remaining interests, taking OneTouch to a wholly owned subsidiary.
Deepen wholesale-commerce service offerings for China's export SMEs.
Total purchase price consisted of cash consideration of RMB790 million and contingent consideration with a fair value of RMB1,094 million; prior to the transaction the Company held 65% of OneTouch.Alibaba Group FY2015 Form 20-F, business combinations note
Advisory firms were not disclosed for this transaction.