UTime Bets $80M on Web3 Data Platform Feixiaohao
On March 13, 2026, Nasdaq-listed UTime Limited (WTO) announced a non-binding letter of intent to acquire 100% of Feixiaohao Technology Inc., a prominent Web3 data platform. The proposed deal is valued at up to $80 million, structured with $16 million in cash and $64 million in UTime shares. This transaction marks a significant strategic pivot for UTime, a company historically focused on the design and manufacturing of mobile devices and smart hardware, as it enters the high-growth blockchain data sector.
Strategy Aims to Bridge Hardware with Millions of Crypto Users
The acquisition is designed to integrate Feixiaohao's extensive data infrastructure and large user base with UTime's hardware capabilities. Feixiaohao serves millions of cryptocurrency investors globally, offering essential services like digital asset pricing, on-chain data analytics, and market sentiment tracking. By acquiring the platform, UTime gains its technology, databases, and key personnel, positioning itself to create new product categories.
We believe that Feixiaohao is not merely a data platform—it is the entry point for millions of users exploring the blockchain world.
— Hengcong Qiu, CEO of UTime Limited.
The company's stated goal is to develop innovative applications that embed blockchain data services directly into smartphones and other smart devices, effectively bridging the gap between physical hardware and the digital asset ecosystem.
Deal Signals Broader Validation for Web3 Infrastructure
This move by a publicly traded company assigns a concrete $80 million valuation to a crypto-native data service, providing a strong validation for the Web3 infrastructure sector. The price tag for Feixiaohao’s platform and established user base could act as a benchmark for similar companies and may encourage further merger and acquisition activity from traditional firms seeking entry into the digital asset market. For investors, the intended acquisition highlights the growing recognition of the foundational value of data and analytics services in the crypto economy. The transaction remains subject to the negotiation and execution of a definitive agreement.
