Orrick Receives 2015 Deal of the Year Award from China Business Law Journal

02.26.16

Orrick was recognized in the February issue of China Business Law Journal for its outstanding achievement in a significant China-related investment in 2015.
 
Private Equity & Venture Capital Deal of the Year: JD.com and Tencent’s US$1.55 Billion Investment in Bitauto
 
Orrick advised JD.com (NASDAQ: JD), a leading e-commerce company in China, on its investment in Chinese auto information website operator Bitauto (NYSE: BITA) in partnership with Tencent (SEHK: 0700). JD.com and Tencent have agreed to invest a total of approximately US$1.55 billion to further develop Bitauto.
 
This is a significant acquisition for China’s TMT industry, as it involves two US-listed companies, JD.com and Bitauto, and the Hong Kong-listed Tencent working in cooperation in the dynamic automobile e-commerce sector. 
 
The Orrick team advising JD.com was led by Shanghai corporate partner Jie (Jeffrey) Sun.