Acquisition

BestSign signs on the dotted line to dominate China’s electronic signature market

With the acquisition of the third-largest player in the market, BestSign hopes to maintain its position as the country's leading electronic signature business.

Carol Huang

July 31, 2019

Hangzhou-based electronic signature service provider BestSign acquired rival 51signing on Wednesday.

This is the company's second acquisition in the Chinese electronic signature market. Prior to this, BestSign bought counterpart QuickSign in 2017. With the takeover of 51signing, it has extended its lead in the market. BestSign topped the Chinese electronic signature market last year with a 35.8% share, according to research firm iiMedia. 51signing, previously ranked third, has a 8.5% market share.

Founded in 2014, BestSign offers contract drafting and signing for various industries, allowing people to save time and paper on document signing and approval. According to...

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