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Chinese Fleet Management Firm G7 Connect Closes Merger with E6 Technology.

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Vincent

MANews-(C)2009-2022

China-based fleet management company G7 Connect Inc., which is backed by Tencent Holdings Ltd., and Chinese software provider E6 Technology, have closed the merger of the two companies, the principals said.

The merger took place in 1Q22, with the initial stage of their business integration having been completed.

G7 co-founder and CEO Zhai Xuehun has been appointed as chairman and CEO of the merged group, while E6 chairman and CEO Zhang Jingtao will serve as vice chairman and G7 CFO Zhang Jielong as CFO.

The merger will create the largest software service provider in the industry, with businesses spanning key vertical markets covering both production and consumer logistics.

The group's customers include major players in the trillion-yuan road freight transport market.

With its product portfolio serving as a one-stop digital service that integrates subscriptions and transactions, the merged entity consolidates the two prior firms' advantages in technology, making it the...

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