Orrick Advises Baidu in Its Joint Investment with Ford in Velodyne

August.18.2016

Orrick has advised Baidu, Inc. [Nasdaq: BIDU], the leading Chinese language Internet search provider, on its investment in Velodyne LiDAR, Inc. The total combined investment from Baidu and its co-investor, Ford Motor Company [NYSE: F], was $150 million. Velodyne LiDAR, Inc. is a leading supplier of solid-state hybrid LiDAR sensor technology used in a variety of commercial applications including advanced automotive safety systems, autonomous driving, 3D mobile mapping, 3D aerial mapping and security.

The Orrick team advising Baidu was led by Xiang Wang, Managing Partner of Orrick’s Asia offices, and consisted of Orrick attorneys from its U.S. and China offices, including M&A and private equity partner Richard Smith, Technology Companies Group counsel Adam Lin; associates Julia Ledbetter and James Wong; IP partner Ethan Ma and IP associate Alexandra Mengting Li; International Trade & Compliance partner Harry Clark; economist and compliance specialist Gregory Hume; and Antitrust & Competition of counsel Pat Zeigler.