Orrick Advises on JD Health's US$1 Billion Series A Financing
Today, we focus on representing major Chinese state-owned and private enterprises in cross-border investments and international disputes. We also counsel leading Chinese tech companies and private equity and venture capital firms in their growth and investment strategies. And we act for multinationals in connection with IP matters, sensitive investigations and disputes in China. With over four decades of experience in the region, our reputation is well established: Financial Times recognizes us on its list of the most innovative international firms in the Asia-Pacific region. And Chambers Asia 2015 commends our teams for leadership across seven different transactional, IP and dispute resolution areas.
We counsel Chinese enterprises in cross-border investments ranging from major infrastructure projects in Africa to the acquisitions of a food company in Italy and a stock exchange in the U.S. We also represented Chinese investors in wind and solar projects across Africa, Europe, Latin America and the United States.
Key to this work is our International Trade team, which provides guidance on regulatory approvals and compliance worldwide. We have secured Committee on Foreign Investment in the United States (CFIUS) clearance for particularly sensitive transactions; for example, the acquisition of the U.S. plane maker Cirrus by a subsidiary of the Aviation Industry Corporation of China.
We offer Chinese companies one of the leading U.S. litigation platforms – including litigators who have a deep understanding of the unique considerations our China-based clients face in U.S. disputes. Our U.S.-based team achieved a dismissal for CNBM Group, a state-owned enterprise, on the basis of sovereign immunity in an ongoing multidistrict product liability litigation involving building materials. We also won a dismissal for a major state-owned oil and gas company of a $5 billion false imprisonment claim filed in federal court in California. Our litigation team argued that the court lacked jurisdiction over our client and the judge agreed, protecting our client’s sovereign rights.
Our dispute resolution team based in Hong Kong counsels on commercial litigation and international arbitration. In addition, working with colleagues from our Investigations team in the U.S., our lawyers in China assist in corporate investigations throughout the Asia-Pacific region for Fortune 100 companies.
With global expertise in the technology sector, we are helping to pioneer the fast-growing tech market in China. In one of the first major M&A transactions in China’s online industry, our team represented retail giant JD.com in its $1.55 billion investment in Bitauto with Tencent, tagged "Deal of the Year" by China Business Law Journal. Our Chinese Corporate/M&A practice, highly ranked by Chambers, recently handled the $1 billion privatization of online game developer Perfect World and the privatization of service provider Sungy Mobile. We also assisted Womai.com in its $220 million Series C financing, making it the first Chinese "unicorn" in the food–e-commerce industry.
Our Capital Markets practice – one of the leaders in the market – has advised on more than 35 Hong Kong Stock Exchange initial public offerings that have raised more than $5 billion since 2010. Leading private equity and venture funds such as Warburg Pincus, Goldman Sachs, Credit Suisse, Sequoia Capital and Domain Elite turn to our team for support in executing their China strategies.
Our IP team is consistently ranked among the top-tier firms in China by Managing Intellectual Property, Asian Legal Business and IAM Patent 1000. We counsel leading technology companies based in China and worldwide on matters before China’s Patent Review Board and all aspects of their IP rights in China and the U.S. Among our clients we count Baidu, Hisense, Xiaomi, Midea, BOE Technology Group, Johnson Electric, Shanghai Sansi Electronic Engineering Co., and the Taiwanese companies TSMC and TPK Touch Solutions. We are honored to be a "preferred U.S. law firm" of the Chinese Ministry of Commerce for representation of Chinese companies before the U.S. International Trade Commission in patent infringement litigation.
We play a leading role in the development of China’s pro bono legal practice. Our lawyers participate in the Hong Kong Duty Lawyer Scheme, which provides preliminary legal advice to the general public. We also regularly host the Hong Kong Legal Community Roundtable, a forum in which international law firms discuss ways to advance pro bono work in the region.
Through Orrick Cares, we support community organizations throughout China. In Beijing, our team supports Bethel House, a program for blind children. In Shanghai, we volunteer with Yueliang Children’s Mental Development Center, which serves autistic children. In Hong Kong, we partner with Bring Me a Book to promote children’s literacy. We also participate in Oxfam Trailwalker, a charity race that takes place over the grueling 100km MacLehose Trail in the city’s New Territories.
Managing IP, 2016
Financial Times, 2015
China Law & Practice, 2015
Asian Legal Business, 2013-2018