Jie (Jeffrey) Sun, a partner in Orrick’s Shanghai and Beijing offices, is a member of the Corporate Business Unit. Mr. Sun represents Chinese and international clients from multiple industries, including technology, renewable energy, life sciences, financial services and consumer/retail, in a broad range of M&A, capital markets and corporate matters.

He has extensive experience representing both Chinese enterprises in fund raising and investing abroad and foreign investors investing in China.

Mr. Sun regularly represents issuers and underwriters in the U.S. and Hong Kong public securities offerings, including initial public offerings and Rule 144A/Regulation S offerings for PRC-based companies.

In addition, he is experienced in handling complex cross-border mergers and acquisitions, foreign direct investment, strategic alliances, joint ventures and regulatory compliance matters for numerous foreign investors and Chinese companies. He also counsels global private equity funds on their investment activity throughout Greater China and across Asia.

Some clients he has represented include Bright Food, JD.com, Trina Solar, China Sunergy, Perfect World, ReneSola, Tudou, Pactera Technologies and some international investment banks and private equity funds.

Prior to joining Orrick, Mr. Sun worked with a major international law firm, and he was a former partner in a local law firm based in Shanghai.

  • Some of Mr. Sun’s engagements include representing:

    Mergers & Acquisitions/Private Equity

    • JD.com, one of China’s largest B2C online retailers listed on NASDAQ, in the US$1.55 billion investment in Bitauto, a NASDAQ-listed Chinese provider of Internet content and marketing services for automotive industry, with Hong Kong-listed Tencent; and two rounds of investments (US$648 million in aggregate) in Tuniu Corporation, a NASDAQ-listed online leisure travel company in China, with a group of investors.
    • Baidu in the strategic partnership with CloudFlare, a U.S. internet security company.
    • Perfect World, a leading NASDAQ-listed online game developer and operator based in Beijing, in its US$100 million acquisition of 30.3 million class A common shares of Shanda Games and its subsequent sale of the entire equity interest to Shanghai Buyout Fund L.P. for US$104.6 million.
    • Founder and chairman of Perfect World (Mr. Michael Yufeng Chi) in the US$1 billion privatization of the company.
    • Bright Food in its acquisition of a 90% stake in Salov Group, an Italian olive oil producer.
    • Zhejiang Jiayuan Real Estate Group in its acquisition of Jiangsu Five Star Appliance Co., Ltd. from NYSE-listed Best Buy.
    • BesTV New Media in its US$100 million acquisition of a 51% stake in AdSage, one of the largest digital marketing companies in China; and its acquisition of preferred shares from Funshion Networks.
    • Chairman and CEO of Sungy Mobile (Mr. Yuqiang Deng) and the consortium that he formed in the US$155 million privatization of the company, a leading NASDAQ-listed provider of mobile internet projects and services in China.
    • MediaV in its acquisition of its controlling equity interests by NYSE-listed Qihoo 360 Technology; and its sale of an 85% equity stake in Shanghai Man Cool Advertising, to LEO Group.
    • Pactera Technology in its US$625 million privatization by a Blackstone-led consortium.
    • VanceInfo Technologies in the US$875 million merger with hiSoft Technology International to form the largest China-based offshore IT services provider, Pactera Technology.
    • Warburg Pincus in its sale of shares in Xueda Education Group and RDA Microelectronics; and its repurchase of shares by 58.com (the shares were subsequently sold to Tencent).
    • Yummy77, a Shanghai-based online food vendor, in the acquisition of a minority stake by one of the largest e-commerce companies in the U.S.
    • Shanghai Dahuangfeng Technology in the sale of its entire interest to Alibaba-backed Kuaidi Taxi.

    Capital Markets

    Mr. Sun has extensive experience advising on numerous IPOs and other capital markets transactions in Hong Kong and the U.S. for Chinese companies:

    • Hong Kong IPOs by Kangda International Environment (privately-owned wastewater treatment facilities operator), Comtec Solar, China Properties Group and Springland International (retail chain operator).
    • NASDAQ IPOs by Tudou.com (video site), Sky-mobi (mobile application store), Mecox Lane (online apparel platform), Perfect World (online game developer) and China Sunergy (solar cell manufacturer).
    • NYSE IPOs by Taomee (children’s entertainment and media company), IFM Investments (Century 21 China Real Estate), VanceInfo Technologies (information technology service provider) and solar companies ReneSola, Trina Solar and Suntech Power.
    • Convertible bond offerings by 361 Degrees (sportswear company) and China ITS (transportation infrastructure technology solutions and services provider).

Insights

News