E-Home Household Service Holdings Limited (NASDAQ:EJH) dipped 2% on Monday after revealing plans to acquire Fuzhou Yunding Mutual Chain Information Technology Co., Ltd., a move that follows extensive negotiations and due-diligence work.
Fuzhou Yunding operates in the artificial intelligence–driven access control and smart community service space, holding more than 20 authorized IP rights. The company manages over 500 residential projects across Fujian and Anhui provinces and counts more than 3 million registered users on its mobile app.
E-Home Chairman and CEO Wenshan Xie said the deal will position the company to “acquire customers seeking home services through the front-end of its IoT information platform, achieving end-to-end industry integration.” He added that the acquisition marks “a crucial step in E-Home’s expansion into the AI industry and smart community services.”
Fuzhou Yunding’s client base spans well-known residential complexes such as Fuzhou Poly Champagne International, academic institutions including Fuzhou University, and government operations like the Xiamen Siming District Administration.
Its solutions already align with local government smart-governance and big-data initiatives, and the company collaborates with a range of partners across commercial and public rental housing, affordable housing developments, older communities, government agencies, banks, and property management groups.
E-Home did not disclose financial details of the transaction.