StageAcquired | Acquired
About mAPPn Technology
mAPPn Technology is the operator of Gfan.com, a China-based Android app store. mAPPn has developed and released 4 mobile games, with the company's business primarily focusing on mAPPn's mobile app store Gfan Market, Gfan discussion forums, and Android hardware, software and IT information web portal Gfan.com.
Missing: mAPPn Technology's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: mAPPn Technology's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Latest mAPPn Technology News
Sep 24, 2013
Shenzhen Stock Exchange, 9/24/13 Chinese national wholesale handset distributor Shenzhen Aisidi Industry (002416.SZ) announced today that the company plans to acquire a 100% stake in Beijing-based mobile application developer and app store operator mAPPn Technology through a three-phase acquisition. In the fourth quarter of 2013, Aisidi will purchase 54.12% of mAPPn at a price determined by mAPPn's actual 2013 profit (profit x 13 x 54.12%). Aisidi will invest an additional RMB 40 mln in mAPPn at the same time it purchases the 54.12% stake in the company. Following this purchase, Aisidi will make two additional purchases to acquire full control of the company, under the condition that mAPPn achieves its profit targets. mAPPn CEO and majority shareholder Tan Yi has guaranteed that the company will realize profits of RMB 40 mln, RMB 52 mln, and RMB 67.60 mln in 2014, 2015, and 2016, respectively. Tan has agreed to compensate Aisidi with a cash payment if the targets are not met. In 2012, mAPPn saw revenue of more than RMB 28.29 mln and profit of more than RMB 2.63 mln. Between January and July of 2013, the company recorded revenue of more than RMB 35.86 mln and profit of more than RMB 7.79 mln. mAPPn has developed and released 4 mobile games, with the company's business primarily focusing on mAPPn's mobile app store Gfan Market, Gfan discussion forums, and Android hardware, software and IT information web portal Gfan.com. Please note, all fields are required. None of your personal information will be shared with third parties. Name:
mAPPn Technology Frequently Asked Questions (FAQ)
When was mAPPn Technology founded?
mAPPn Technology was founded in 2009.
Where is mAPPn Technology's headquarters?
mAPPn Technology's headquarters is located at C304 #9 Shangdi San Jie, Beijing.
What is mAPPn Technology's latest funding round?
mAPPn Technology's latest funding round is Acquired.
How much did mAPPn Technology raise?
mAPPn Technology raised a total of $1M.
Who are the investors of mAPPn Technology?
Investors of mAPPn Technology include Aisidi and CyberAgent Capital.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.