Technology company UTime Limited, listed on Nasdaq under the ticker WTO, has revealed plans to expand into the blockchain data sector through a potential acquisition. The company disclosed that it had signed a non-binding letter of intent to purchase 100 percent of Feixiaohao Technology Inc., the operator of the Web3 data analytics and digital asset pricing platform Feixiaohao.
The proposed transaction could reach a value of up to $80 million and would be structured through a combination of cash and equity. Under the current framework, approximately $16 million would be paid in cash while the remaining $64 million would be issued through UTime shares or convertible preferred stock. If finalized, the agreement would transfer Feixiaohao’s technology infrastructure, databases, trademarks, and key personnel to UTime.
The initiative signals UTime’s strategic move into blockchain-based data infrastructure and the broader Web3 ecosystem. Both companies have entered preliminary discussions and intend to negotiate a definitive agreement in the coming stages of the process.
Feixiaohao’s Platform and Market Role
Feixiaohao Technology operates a digital asset analytics platform widely used by cryptocurrency investors and Web3 participants. The platform offers services that include digital asset price tracking, on-chain analytics, and monitoring of market sentiment across the cryptocurrency ecosystem.
One of the most notable components of the platform is the Feixiaohao Index 100. Industry observers consider this index a key indicator for evaluating trends within the cryptocurrency market. The index and its underlying pricing methodology represent a significant portion of the platform’s analytical value.
Through its services, the platform has developed a large user base consisting of millions of cryptocurrency traders, analysts, and Web3 developers. These tools allow users to analyze blockchain market movements, track asset performance, and monitor the overall sentiment within the digital asset sector.
By acquiring Feixiaohao, UTime aims to incorporate these data analytics capabilities into its broader technology ecosystem.
Integrating Blockchain Data With Hardware Products
UTime is primarily known for designing and manufacturing smartphones and other smart hardware devices. Headquartered in Shenzhen in China, the company has traditionally focused on producing cost-effective mobile devices for a global customer base.
The potential acquisition indicates a shift toward integrating blockchain-based services with its existing hardware portfolio. UTime intends to explore ways to connect physical devices with blockchain-powered data platforms. By combining mobile hardware with digital asset analytics tools, the company aims to create new product and service offerings that link consumer devices to Web3 infrastructure.
Such integration could enable smartphones and connected devices to access real-time blockchain data, digital asset tracking tools, and other Web3-based functionalities.
Financial Context and Market Performance
The announcement comes during a period of financial challenges for UTime. As of the market close on March 13, 2026, the company’s shares were trading at approximately $3.02, reflecting a modest increase of just over two percent during that session.
Earlier in the year, the company implemented a one-for-five reverse stock split, which took effect on February 17, 2026. The move was intended to consolidate outstanding shares and adjust the company’s stock structure.
UTime’s market capitalization currently stands at roughly $5.11 million. Financial reports indicate that the company has experienced significant losses in recent periods. As of late 2025, UTime reported a net loss approaching $668 million on a trailing twelve-month basis, alongside a profit margin that reflected substantial negative performance.
Despite these challenges, the company appears to be pursuing diversification strategies aimed at entering emerging technology sectors such as blockchain and digital assets.
Strengthening Position in the Web3 Ecosystem
The potential acquisition underscores UTime’s broader ambition to expand beyond traditional hardware manufacturing. By entering the blockchain data infrastructure sector, the company is attempting to position itself within the rapidly evolving Web3 industry.
For Feixiaohao, the deal could provide access to additional technological resources and global distribution channels through UTime’s hardware ecosystem. For UTime, integrating a well-established cryptocurrency analytics platform may create opportunities to develop new services that combine physical technology products with decentralized digital networks.
If the transaction moves forward and a definitive agreement is reached, the partnership could mark a significant step in UTime’s effort to align its business strategy with the expanding digital asset and blockchain economy.