Five Han Kun-advised deals recognized as "Deals of the Year 2019" by China Business Law Journal
February, 2020 - Beijing, Mainland China
China Business Law Journal recently announced its "Deals of the Year 2019". Five Han Kun-advised deals were recognized as "Deals of the Year 2019".
They are:
- Aihuishou acquires JD Paipai
KEY POINTS: In June 2019, Aihuishou, a Chinese electronic product recycling platform, acquired JD Group's secondhand merchandise trading platform Paipai. JD also invested in Aihuishou more than US$500 million. Once the acquisition was completed, Aihuishou and JD agreed on a strategic co-operation.
- Douyu's Nasdaq IPO
KEY POINTS: Douyu is a live barrage video platform that mainly broadcasts games. In July 2019, Douyu was listed on the Nasdaq Stock Exchange, raising about US$775 million.
- GIC acquires JD logistics warehouses
KEY POINTS: In February 2019, GIC and JD co-operated in establishing the JD logistics real property core fund, and executed an acquisition agreement under which the JD logistics real property core fund acquired several modern logistics warehouse facilities worth about RMB10.9 billion from JD, and will continue to lease out such facilities for operation by JD after the acquisition.
- IDreamSky Technology's HK listing
KEY POINTS: iDreamSky Technology, which was privatized and delisted two years after its Nasdaq listing in 2014, was listed on the Main Board of the Hong Kong Stock Exchange in December 2018. The global issuance raised HK$838 million.
- Tencent Music's US listing
KEY POINTS: TME, China's largest online music entertainment platform, successfully listed on Nasdaq in December 2018, issuing 82 million American depositary shares (ADSs) and raising about US$1.1 billion. By market value, this deal was the largest listing of Chinese companies in the US since 2014.
*The above deals are listed in the alphabetical order and all the information is sourced from the website of China Business Law Journal (https://www.vantageasia.com).
China's economy faced tough challenges but still saw strong performance. In 2019, China Business Law Journal's editorial team selected outstanding deals and cases, applauding remarkable legal efforts.
China Business Law Journal's Deals of the Year 2019, as in previous years, were chosen based on comprehensive factors, including the overall significance, complexity and innovative nature of the deals, while also taking into account the deal size and broader interests. China Business Law Journal's editorial team used their independent judgment to select the deals they felt were the shining stars for the year.
