Viwo Technology
TerminatedInformation Technology · algorithmic ad matching and custom software development · Beijing, China
- What it is
- VIWO is a technology company specialising in Martech (marketing technology) services as well as software development services
- What it’s doing now
- Merging with Future Vision II (FVN) — terminated, announced Nov 28, 2024.
- What you should know
- The deal carries a $5M minimum-cash condition — heavy redemptions can break it.
The business, per its filings
SEC primaryVIWO is a technology company specialising in Martech (marketing technology) services as well as software development services. It is a Cayman Islands holding company that conducts its operations through PRC subsidiaries.
Source: S-4/A, accession 0001829126-26-006424 · extraction confidence: medium
What the company says about itself
Web research — not auditedViwo-Tech is an innovative enterprise dedicated to the advancement and application of intelligent digital technology, focusing on the integration of cutting-edge technologies, big data, and cloud computing. Its core businesses include Martech (Marketing)+Technology integrations and powered customized software development.
- Markets:
- Martech | Digital Intelligence | Metaverse Technology | Generative AI | Big Data | Cloud Computing
- Products:
- Digital twin AI virtual human multi-dimensional display and analysis system | Metaverse Technology System | Integrated data intelligent collection and management service system | Generative artificial intelligence voice interaction | Industry customer data consulting service platform | AIGC Image Indexing Control System | Advertising space data summary management system | A Convenient 3D Interaction System Based on Image Processing Technology | Channel intelligent settlement business management system | A computer sound card fixing device for live streaming equipment
[WEB-INTEL 2026-08-26] 3 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Future Vision II Acquisition Corp. Announces Entering into Amendment No. 1 to Merger Agreement with Viwo Technology Inc." [https://www.nasdaq.com/press-release/future-vision-ii-acquisition-corp-announces-entering-merger-agreement-viwo-technology] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Future Vision II Acquisition Corp. Announces Entering into Amendment No. 1 to Merger Agreement with Viwo Technology Inc. 24-12-11 AQ." [https://www.marketscreener.com/quote/stock/FUTURE-VISION-II-ACQUISIT-178004865/news-press-releases/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Future Vision II Acquisition (FVN), a publicly traded special purpose acquisition company, and Viwo Technology announced that, on November 28, 2024, they ..." [https://stockanalysis.com/stocks/fvn/]
Source: http://www.viwo-tech.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
Viwo Technology is merging with Future Vision II (FVN), a $58M SPAC currently marked Deal approved and trading at $9.88 against $10.97 in trust per share.
| Headline equity value | $100M |
| Minimum cash to close | $5M |
Structure per SEC accession(s) 0001829126-24-007901; 0001829126-24-008249; 0001829126-25-010308, 0001829126-24-007901, 0001829126-24-008249. How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Was this deal done at an expensive or a cheap valuation?
SpacBrain’s read on the price
No multiple can be computed
We hold no revenue figure in US dollars for Viwo Technology Inc., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales. The deal values it at $100M regardless.
We have not extracted a revenue figure for this company from its filings yet. That is our gap, not a statement about the business.
Announced equity value (net debt unknown).
Not extracted from the filings yet.
Not computable — no revenue figure has been extracted from the filings yet.
$1 of their sales costs $4.68 on the open market. Median of 1 listed company we judged a true comparable. Their share prices are from 14 August 2026, not today.
What qualifies the figures above
- The target's cash and debt are not in the filings we have, so this is an equity value used as a stand-in for enterprise value.
- ZD, VSME, NXTT, IPO-CANI, POCH, STFS, CNET, WCT, CPOP, SCIT, HAO have no revenue to divide by, so they are shown but left out of the peer median.
The listed companies it is measured against
| Ticker | Company | Mkt cap | EV / revenue | EV / EBITDA | Why it’s comparable |
|---|---|---|---|---|---|
| ZD | Ziff Davis Inc | $1.4B | — | — | Direct comp: Online Services (NEC); small-cap ($1.4bn); shares martech, marketing, technology, software, subsidiaries, that with the target's own description; forward EV/Sales 1.0x.more ▾less ▴ |
| VSME | VS Media Holdings Ltd | $6M | — | — | Operational comp: Advertising & Marketing (NEC); micro-cap ($6m); shares marketing, services, holding, through, its, company with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| NXTT | Next Technology Holding Inc | $25M | — | — | Operational comp: Software (NEC); micro-cap ($25m); shares software, development, holding, technology, services, company with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| IPO-CANI | Cansince Innovations Inc | — | — | — | Operational comp: Advertising & Marketing (NEC); shares marketing, technology, services, well, holding, company with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| POCH | Poche Technology Co Ltd | — | — | — | Operational comp: Advertising & Marketing (NEC); shares marketing, technology, well, holding, services, company with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| STFS | Star Fashion Culture Holdings Ltd | $93M | — | — | Operational comp: Advertising & Marketing (NEC); micro-cap ($93m); shares marketing, services, holding, its, company, and with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| CNET | ZW Data Action Technologies Inc | $4M | — | — | Operational comp: Advertising & Marketing (NEC); micro-cap ($4m); shares marketing, software, services, holding, through, its with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| WCT | Wellchange Holdings Co Ltd | $25M | — | — | Operational comp: Software (NEC); micro-cap ($25m); shares software, development, holding, services, through, its with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| CPOP | Pop Culture Group Co Ltd | $9M | — | — | Operational comp: Advertising & Marketing (NEC); micro-cap ($9m); shares software, marketing, well, services, development, holding with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| SCIT | Sancai Holding Group Ltd | — | — | — | Operational comp: Software (NEC); shares conducts, software, subsidiaries, holding, development, services with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| HAO | Haoxi Health Technology Ltd | $4M | — | — | Operational comp: Advertising & Marketing (NEC); micro-cap ($4m); shares marketing, conducts, technology, holding, services, through with the target's own description; no forward EV/Sales published — counted as a peer, excluded from the median.more ▾less ▴ |
| ZETA | Zeta Global Holdings Corp. | $7.4B | 4.7x | 63.4x | Operational comp: Software (NEC); mid-cap ($5.0bn); shares marketing, software, technology, that, through, its with the target's own description; forward EV/Sales 3.8x.more ▾less ▴ |
Which companies belong on this list is our judgement, and the sentence beside each one is the whole of our reasoning — disagree with it and the verdict above changes. Rows marked context only are shown because they are informative, but they are deliberately left out of the median. The multiples come from listed-company data priced Aug 14, 2026; a private target’s deal multiple is not audited the way theirs are.
Common questions
Is Viwo Technology going public?
Viwo Technology has a signed merger with the SPAC Future Vision II (FVN), announced Nov 28, 2024. Deal status: Terminated.
What is Viwo Technology's SPAC deal valuation?
The announced headline equity value is $100M.
Was Viwo Technology bought at an expensive or a cheap valuation?
We hold no revenue figure in US dollars for Viwo Technology Inc., so there is nothing to divide the price by and no multiple can be struck. It is not recorded as pre-revenue either — this is a gap in our record, not a finding that the company has no sales. The deal values it at $100M regardless.
Does Viwo Technology have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.
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