e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
Youxin Technology Ltd (NASDAQ:YXT) announced Wednesday that it has completed the acquisition of a 51% equity interest in Celnet Technology Co., Ltd. The deal, originally agreed on September 22, 2025, was finalized on October 29, 2025, according to a statement released in a filing with the U.S. Securities and Exchange Commission.
Celnet Technology is described as a provider of information integration and management solutions for businesses and is noted as the largest Salesforce.com partner in China.
Following the completion of the acquisition, Youxin Technology expects up to an additional $1.3 million in revenue during the first half of its 2026 fiscal year. This amount represents an increase compared to the company’s revenue in the first half of fiscal year 2025.
The company also stated that the acquisition advances its and Celnet’s efforts to expand into international business and enables the delivery of artificial intelligence solutions to clients using existing large-model tools.
All information is based on a press release statement included in the company’s SEC filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
