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TMT: PRC firms
Fangda Partners is well versed in media and technology law and has an enviable client roster which includes some of the largest companies in the PRC as well as multinational clients. Jonathan Zhou and Leo Lou represented Focus Media in relation to its backdoor listing on the Shenzhen Stock Exchange. In another highlight, the team acted for Alibaba in its investment in Suning Commerce as well as its acquisition of the remaining shares in Youku Tudou. Chen Bao represented Capital Today in its $65m investment in the series C financing of Hangzhou Huxiu E-Commerce. Doris Tang, who specialises in corporate finance and direct foreign investment, is another name to note.
Steven Yu and Michael Yu lead Global Law Office’s team, clients of which include Alibaba, Focus Media and Northern Light Venture Capital. The practice handles the full range of financing, private equity and venture capital transactions, as well as commercial and IP work for clients in the TMT sector. Recent highlights include acting for Tencent in its formation of a domestic joint venture with Alibaba and China media Capital and acting for Baixing.com on its RMB2.1bn financing and offshore and onshore de-VIE restructuring. The team also handles fintech work and, in 2015, David Lee acted for Blue Run Ventures in the restructuring of Qufengqi.com, a China-based company providing financial services via the internet.
Han Kun Law Offices has a strong reputation in the TMT sector, where it continues to advise domestic and multinational clients on IP protection, financing, M&A and foreign direct investments. The team acted for Meituan.com on its $20bn corporation with Dianping.com through the joint establishment of a new company; it also acted for Uber China in its merger with Didi Chuxing. Charles Li, Gloria Xu, Dafei Chen and Tracy Zhou are key names to note.
Zhong Lun Law Firm handles regulatory and transactional matters for a variety of clients, including China Mobile, Tencent and Lenovo. Anthony Zhao, Michael Gu and Luke Zhang were part of a team which assisted China Taiping Insurance in connection with the series A financing of JD Finance. Zhao also assisted Shanghai Qijia Network Information Science & Technology with its red-chip restructuring and series B financing from Orchid Asia Group Management, SIP Oriza and other co-investors. The team is led by IP and antitrust specialist Jihong Chen, who advised Booking.com on its entry into the Chinese market.
Guantao Law Firm advises TMT sector clients on M&A, outbound investment and IP transactions. Rong Liu and Wenliang Zhang assisted Hangzhou CNCR-IT with its share issuance and subsequent purchase of STARCOR. Elsewhere, Yang Wang acted for Beijing DingXing Venture Capital in its investment in Beijing Quantitative Health Science and Technology. The IP team has been assisting Beijing Closer Interactive Media Technology with its trade mark registration and international trade mark protection. Other notable practitioners include Shaosong Sun, Weimin Gan and Hong Kong-based Pengpeng Yan.
JunHe LLP’s recent instructions include acting on a number of private equity financings and a merger of two high-profile domestic e-commerce companies. Maochang Li has experience of assisting hi-tech and IT-focused private equity funds. Jun Gong and Zhenyu Niu are also key names.
King & Wood Mallesons has experience of advising clients on national broadband rollouts, regulatory reforms and compliance, and M&A. The team routinely assists domestic and international technology consulting and IT outsourcing providers, as well as international software developers. Recent highlights include assisting Zhejiang Ant Small & Micro Financial Services with its RMB14.8bn series A and series A+ financing. Other clients include Leshi Internet Information & Technology, Orient Hongtai Zhihe (Beijing) Investment Management and NFME. Xiaohong Zhao heads the multidisciplinary team, in which Cecilia Lou and Ping Xu are also recommended.
TransAsia Lawyers’ clients include international telecoms companies and start-ups. The team advised Glu Mobile on its cooperation with a PRC-based mobile games company and acted for Qunar.com (the largest online travel search engine in China) on its seed financing and all of its subsequent venture capital financing. Philip Qu is recommended for advising on market entry, acquisition and compliance. Employment specialist Isabelle I H Wan is another key contact.
AnJie Law Firm stands out for the breadth of its venture capital and private equity investment funds expertise. Representative clients include Yuantai Investment Partners, Legend Capital, YY.com and Ping An Insurance (Group) Company of China. Hang Cai assisted with a number of unlisted companies with their series B and series C financings. The team also assisted China Unicom with its RMB54.7bn sale of certain telecoms towers and related assets to China Tower Corporation. Founding partner Jeremy Dai and arbitrator Yu He are also recommended.
DaHui Lawyers attracts exceptional praise from clients for its ‘solid sector expertise’; the team regularly handles regulatory, IP, structuring and transactional work. Managing partner Richard Ma is assisting Netflix with the regulatory and IP aspects of its co-production of Crouching Tiger, Hidden Dragon: Sword of Destiny. Brendon Wu’s clients include Light Chaser Animation Studios, which he assisted with its first released film, Little Door Gods.
IP specialist firm Hylands Law Firm handles contentious and non-contentious matters in the entertainment and media industries. Clients include Alibaba, CCTV, China Film Copyright Association and Emperor Entertainment. Xiaogang Ma, Qun Xiao and Zhengning Li are the main contacts.
In 2015, Jingtian & Gongcheng’s TMT team expanded its sector offering with the hire of capital markets specialist Jinjin Chen, who joined from King & Wood Mallesons. The team assisted Focus Media Information Technology with its RMB45.7bn backdoor listing and practice head Xiang Gao assisted JD Finance with its series A financing, and acted as the underwriter for Baidu on its note issuance.
Llinks Law Offices is well versed in capital markets and M&A transactions, with recent work including advising BesTV New Media on its RMB41.8bn merger with Shanghai Oriental Pearl. David Yu heads the team with the support of Wayne Chen and Leo Wang.
Tiantai Law Firm’s team regularly advises on project financing, distribution, exhibition and spin-off exploitations of large film and television projects. Jizhi Zhang has broad experience in film and television tax planning, M&A and IP-related transactions.