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


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.