Lu (Echo) Wang, a senior associate in Orrick’s Shanghai office, is a member of the Corporate Group.

Her practice focuses on advising clients on mergers and acquisitions, private equity, capital markets and SEC compliance matters.

  • M&A and Private Equity

    JD.com Inc., one of China’s largest B2C online retailers listed on NASDAQ, in connection with:

    • the US$931 million Series A financing for its healthcare subsidiary, JD Health, with investors including CPEChina Fund, CICC Capital, and Baring Private Equity Asia.
    • the US$2.5 billion financing for its logistics subsidiary, JD Logistics, with investors including Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank Capital FOF, China Structural Reform Fund and ICBC International, among others. This is the largest private fund raising in China’s logistics industry.
    • the strategic alliance with NYSE-listed retailer Walmart, including its acquisition of Yihaodian marketplace platform assets from Walmart with its shares valued at US$1.5 billion.
    • the US$150 million strategic investment in Bitauto Holdings Ltd., a NYSE-listed Chinese auto information website operator, with Baidu and Tencent.
    • its investment in Tuniu Corporation, a NASDAQ-listed online leisure travel company in China, with Ctrip.com, DCM V, Hony Capital, Sequoia Capital and Temasek Holdings. The aggregate investment amount by all these investors is US$500 million.
    • its US$1.55 billion investment in Bitauto Holdings Ltd., a NYSE-listed Chinese auto information website operator, with Tencent.

    LexinFintech, a NASDAQ-listed online consumer finance platform in China, in its investments in Southeast Asia.

    Perfect World Co., Ltd., a leading 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 for US$104.6 million.

    China Media Capital, a leading media investment fund, in its substantial investment in SECA Holding, a leading sports management and marketing company in China.

    Bright Food (Group) Co., Ltd. in connection with:

    • its acquisition of a 90% stake in Salov Group, an Italian producer and seller of olive oil, seed oil and related products. The deal was awarded by the Italy-China Foundation at the China Awards 2014 in the “Top Investors in Italy” category.
    • its acquisition of 60% of equity interest in Yunnan Yinmore Sugar Company, a Cayman Islands company with extensive sugar assets in China.

    MediaV Holding Company Limited, a leading precision advertising and digital marketing platform in China, in connection with:

    • the acquisition of its controlling equity interests by NYSE-listed Qihoo 360 Technology Co. Ltd., one of the biggest providers of internet and mobile security products in China.
    • its sale of an 85% equity stake in Shanghai Man Cool Advertising Co. Ltd., to LEO Group Co., Ltd., the largest China-based small-sized water pump manufacturer listed in Shenzhen.

    Warburg Pincus in its sale of shares in Xueda Education Group, a leading tutoring services provider for primary and secondary school students in China.

    Shanghai Dahuangfeng Technology, the fourth largest taxi app company in China, in connection with the sale of its entire interest to Kuaidi Taxi, a leading taxi app company in China backed by Alibaba.

    BesTV New Media Co Ltd, a Shanghai Stock Exchange listed company, in connection with:

    • its US$100 million acquisition of a 51% stake in AdSage (one of the largest digital marketing companies in China).
    • its US$100 million acquisition of preferred shares from Funshion Networks Co., Ltd, a leading China-based online video company, and certain selling shareholders.

    Linkage Technologies International Holdings Limited in its merger with AsiaInfo Holdings, Inc. (currently Asiainfo-Linkage, Inc., Nasdaq: ASIA) for consideration of US$60 million and 26,832,731 shares of common stock of AsiaInfo Holdings, Inc.

    Jiangsu Five Star Appliance Co., Ltd. in its sale of a 25% of equity interest in a nationwide retailer of consumer electronics in the PRC, a joint venture established with Best Buy Co., Inc., to Best Buy Co., Inc.

    Noah Education Holdings Ltd. in the acquisition of Little New Star Education Group, a leading provider of English training services for children in China.

    Going-private

    Founder and chairman of Perfect World Co., Ltd. (Mr. Michael Yufeng Chi) in the US$1 billion privatization of the company.

    Chairman and CEO of Highpower International, Inc. (Mr. George Pan) and the acquiring consortium in the going-private transaction of the company, a China-based developer and manufacturer of lithium ion and Ni-MH rechargeable batteries and battery management systems.

    The Special Committee of Sky-mobi, a NASDAQ-listed mobile application platform and game publisher in China, in the privatization of the company.

    Chairman and CEO of Sungy Mobile Limited (Mr. Yuqiang Deng) and the consortium that he formed in the US$155 million privatization of the company. Sungy Mobile is a leading NASDAQ-listed provider of mobile internet projects and services in China.

    Pactera Technology International Ltd., a global consulting and technology services provider headquartered in China, in its US$625 million privatization by a consortium led by Blackstone Group L.P.

    Listed Company Representation

    Perfect World Co., Ltd., a leading online game developer and operator based in Beijing.

    Pactera Technology International Ltd., a global consulting and technology services provider headquartered in China.

    China Sunergy Company Limited, a leading solar power products manufacturer in China.

    Mecox Lane Limited, China’s leading online platform for apparel and accessories.

    Vanceinfo Technologies Inc., a leading software developer and IT service provider in China.

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