Reorg, a financial media and technology company has acquired Dai1 Media, a subscription-based provider of news and analysis of special situations based in China. Reorg announced the news Tuesday.
The terms and conditions of the deal were not disclosed.
“As part of our global growth strategy, Reorg has invested heavily in Asia over the last 12 months. We are delighted to bring the Dai1 Media team and its clients into Reorg to amplify our quality coverage of distressed and special situations in China,” said Kent Collier, founder and CEO of Reorg. “We have already grown our team of financial and legal analysts as well as investigative journalists in the region to 20, based in Hong Kong, Singapore, India and Australia. The Dai1 Media team will significantly enhance our offering to clients globally.”
Dai1 Media was founded by Shasha Dai in 2017. Dai has 19 years of experience working for notable platforms like CapitalStructure, Dow Jones, The Wall Street Journal, Reuters, and China’s state television.
Dai said, “When I founded Dai1 Media two years ago, my goal was to build a dedicated source of news and intelligence about the alternative asset classes in China. Given where the country is in the corporate default cycle, we have invested heavily in the special situations’ coverage over the last year and a half. We are very pleased to join the Reorg team. Reorg’s commitment to continuing its expansion in Asia combined with Dai1’s established expertise on China will enable us to together provide even more outstanding coverage of special situations in Asia’s largest market.”
