Orrick Advises Fuwei Films on Its Merger With BaiJiaYun

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Orrick advised Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL), a Chinese manufacturer and distributer of high-quality plastic films using the biaxial-oriented stretch technique, on its merger with with BaiJiaYun Limited, a video SaaS/PaaS, video cloud and software, video AI and system solution provider. The transaction closed on December 23, 2022. As a result of the transaction, BaiJiaYun has become a wholly owned subsidiary of Fuwei Films. The company’s name will be changed from “Fuwei Films (Holdings) Co., Ltd.” to “Baijiayun Group Ltd.” and will continue to be listed on Nasdaq under the ticker symbol “RTC.”The Orrick team advising Fuwei Films is led by Jeffrey Sun and Richard Smith and includes Lu (Echo) Wang and Yalan Lei.