Hall Of Fame

Rising Stars

Firms To Watch: Private equity: PRC firms

Jia Yuan Law Offices assists clients with a range of private equity and venture capital investment deals, and is particularly active in the biotech, medical and high-end manufacturing industries.

Firms in the Spotlight Private equity: PRC firms

Chang Tsi & Partners

Chang Tsi & Partners logo

Since its establishment in 2002, Chang Tsi & Partners has become one of the leading law firms in China. The firm has constantly been referred to as a “National Outstanding Law Firm”, “The Best IP Law Firm in China”, “China IP Law Firm” and “Tier 1 IP Law Firm of the Year” by the Ministry …

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Kangxin Partners, p.c.

Kangxin Partners, p.c. logo

Since its establishment in 1994, Kangxin has grown into a leader amongst IP law firms in China, with offices in Beijing, Tianjin, Qingdao, Xi’an, Wuhan, Hangzhou, Guangzhou and Dongguan. Our client base includes domestic Chinese enterprises and international companies from around the world. We represent many different businesses, including start-ups, well-known domestic entities, and Fortune …

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Private equity: PRC firms in China

Fangda Partners

Fangda Partners represent major global and PRC sponsors in their Chinese private equity investments, handling all kinds of complex transactions that span private and cross-border buyouts, equity and debt investments, portfolio secondaries and co-investments. Chen Bao leads the practice from Beijing, with his practice focusing on multijurisdictional M&A, and PE and venture capital financings. Yingjie Wang is also a key contact in Beijing, servicing a wide range of market participants from financial sponsors and venture capitalists to banks and alternative financing providers. In Shanghai, Helen Fan has extensive experience in the TMT, healthcare, consumer and renewable energy sectors, while Patrick Li is a respected authority on foreign direct investment.

Practice head(s):

Chen Bao


Other key lawyers:

Yingjie Wang; Jeffrey Ding; Helen Fan; Su Wang; Patrick Li


Testimonials

‘Fangda’s legal team is good at handling complex venture capital projects and providing clients with appropriate and professional services. Compared with other law firms, the professionalism is higher and the service quality is higher.’

‘Have a deep understanding of the industry, serve buyers and sellers, and understand the demands of all parties, so as to accurately grasp customer needs and solve problems in transactions in multiple ways.’

‘Rich experience in legal services in the field of equity investment.’

‘Quick responses and down-to-earth.’

‘Private equity and venture capital business is very good, with high professional level, good English, business thinking and customer awareness; one of the top internal firms in China.’

Key clients

Chengxin Technology


China Integrated Circuit Industry Fund II


IDG


Alibaba


ABI


XYZ Robotics Global Inc.


Sunshine Insurance and a Sovereign Wealth Fund


New Carzone


China Life Insurance and Ping An Life Insurance


FountainVest Partners


MediTrust Health


360 Security Technology Inc.


Peak


Yunfeng Capital


Hillhouse Capital


CD Finance


Shuangbai Fund


InnoScience (Suzhou) Technology Co., Ltd.


Nio Capital


Suzhou Industrial Park Investment Fund L.P.


CDBC


CICC (Keyuan Dongxin and Shangqi Xinxing)


China Mobile Capital Holding Co., Ltd.


China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd.


Quan Capital


Gaolin Capital


Shanghai Advanced Silicon Technology Co., Ltd.


National Manufacturing Transformation and Upgrading Fund (国家制造业转型升级基金), National Green Development Fund (国家绿色发展基金), Comprehensive Reform Fund (综改基金) and Zhejiang Industrial Fund (浙江省产业基金)


Dongfang Jingyuan Electron Limited


DiaSys Diagnostic System GmbH


CICC Zhongdian and CICC Zhixing


Taikang Life


Nanjing Xiezhong Auto-Airconditioner (Group) Co., Ltd.


CPE


Hasten Biopharma


Marching-Power Technology


Sequoia China


Work highlights


  • Acted for Nio Capital on its Series Pre-A investment in Sunwoda Electric Vehicle Battery Co., Ltd.
  • Advised two funds managed by CICC (Keyuan Dongxin and Shangqi Xinxing) in the setting up of their SPV (“CICC funds’ SPV”) and the equity investment in Huada SEMICONDUCTOR Co., Ltd.

Han Kun Law Offices

Han Kun Law Offices is a leading PRC firm for China-related private equity transactions, boasting an impressive client roster of major funds, including Warburg Pincus, Sequoia, Hillhouse and Permira. Charles Li is a leading figure in Beijing, handling a variety of cross-border transactions in different industries such as telecoms, energy, consumer goods and technology; as is Yijun Chao, who has a great reputation for representing high-tech start-ups in their private equity and venture financings. David Li brings a solid reputation for representing well-known foreign and domestic PE funds in their fund formations and investments, while Sheng Li’s practice covers transactions in the education, infrastructure and high-end manufacturing sectors. In Shanghai, Kelvin Gao is heavily involved in structuring and establishing onshore and offshore China-focused PE funds for sponsors and investors; Cheng Chen is active across a broad range of industries from e-commerce and retail to semiconductors and bio-technology.

Practice head(s):

Yijun Chao; Charles Li; David Li; Kelvin Gao


Other key lawyers:

Paula Liu; Yipu Li; Kevin Cao; Sheng Li; Cheng Chen; Hong Huang; Yifan Gu


Testimonials

‘The team of Han Kun has rich practical experience in private equity and venture capital. At the specific project level, it will not only identify and raise problems for customers, but also provide customers with solutions and suggestions for specific problems from the perspective of commercial execution. Team members have excellent practical experience, high efficiency, and timely feedback.’

‘Lawyer Li Sheng can solve all kinds of problems for clients in an all-round way. In addition to the traditional VIE structure, domestic structure and other investment transactions, he can also connect with excellent lawyers for clients with investment matters in other countries such as India and Singapore are involved.’

‘High quality, very knowledgeable, great to work with and they know what private equity funds need in M&A transactions.’

‘High degree of professionalism, wide range of abilities, and strong learning ability.’

‘Li Sheng is highly professional, with a wide range of capabilities, strong learning skills, and strong communication skills.’

‘Han Kun Law Firm has rich and diverse legal service capabilities. It has professional teams with strong experience in various fields such as private equity financing, data security compliance, and financial management.’

‘Han Kun Law Offices is one of the leading law firms in China, focusing on private equity and venture capital. The business characteristic of the team lies in its deep understanding of customers’ business needs and industry characteristics, and the ability to provide customers with one-stop legal services, including investment structure design, due diligence, negotiation, drafting of transaction documents, financing, exit and other full-process services.’

‘Demonstrate professionalism and efficiency in transaction projects, and provide a better solution to transaction disputes based on a large number of project experiences.’

Key clients

Warburg Pincus


Hillhouse


Permira


KPCB


Sequoia


CVC Capital Partners


DCM


IDG


BRV


SAIF (赛富)


Matrix Partners


Lilly Asia Ventures


Legend Capital


Baidu


Tencent


Warburg Pincus (华平投资)


Hillhouse


Permira


KPCB


Sequoia


CVC Capital Partners


DCM


IDG


BRV


SAIF (赛富)


Matrix Partners


Lilly Asia Ventures


Legend Capital


Baidu


Tencent


China Structural Reform Fund (“CCT Fund”)


Jinyi Capital


Source Code Capital


Lotus Technology, Inc.


Inceptio Group Limited


Shenzhen 3irobotix Co., Ltd.


BeyonCa HK Limited.


Hangzhou Fencha Intelligence Technology Co., Ltd.


Hunan Zhenzhen Rishang Cultural Creativity Co., Ltd.


ICBCI 工银国际


Xiaomi 小米


CyberConnect


Beneunder Limited


Cathay Capital


Marathon Venture Partners


Zuzuche


Vickers Venture Partners


Loyal Valley Capital


Genbridge Capital


Philips (China) Investment Co, Ltd.


Oricell Therapeutics Holdings Limited


Qiming Venture Partners


Work highlights


  • Advised Abogen Therapeutics on its $720m Series C and $300m Series C+ financing.
  • Represented Yibin Emerging Industry Investment Group in its ¥5bn investment in London Taxi Company.
  • Advised the co-lead investors, Hillhouse and Warburg Pincus, on subscribing for non-redeemable Series A preferred stock of JD Property Group Corporation (JDP).

King & Wood Mallesons

Leveraging the firm’s expertise in tax, IP, real estate and insurance, King & Wood Mallesons provides a full-service offering to private equity firms of all sizes, from the largest global buyout funds to smaller first-timers. Gong Mulong is one of the leading figures in the Beijing practice, with his practice specialising in onshore and offshore IPOs, PE fund formation and downstream investments. Co-head Ma Tianning is equally respected in the Chinese market, adept across the gamut of PE financing and investments, including IPO and post-IPO financing. In Shanghai, Richard Nie is an active presence in a number of major growth sectors including TMT, biotech, semiconductors and fintech; while in Shenzhen, Ren Liguang has a proven track record handling cross-border investments in the TMT and pharmaceuticals sectors. Hangzhou-based Yun Han has extensive foreign direct investment experience.

Practice head(s):

Gong Mulong; Ma Tianning


Other key lawyers:

Yun Han; Shuai Wang; Richard Nie; Ren Liguang


Testimonials

‘Very professional, can look at problems from the perspective of customers, and can provide customers with diversified and comprehensive solutions.’

Key clients

MSA Capital Investment Vehicle Investment


Helixon Ltd


eSign


Lanhu


Sequoia Capital


Shandong Taishan Beer


Silver Lake Partners, L.P.


Goldman Sachs (Asia) L.L.C.


Hello Inc.


VX Logistics Properties Co. Ltd.(a subsidiary of Vanke)


Tg Hilyte Environmental Technology (Beijing) Co., Ltd.


Beijing Agile Robot Technology Co., Ltd.


Guangzhou Industrial Investment and Capital Operation Holding Group Ltd


Firstred Capital


SAIC Motor Corporation Limited


Senscomm Semiconductor Technology Co., Ltd.


Lantu Automobile Technology Co., Ltd.


Hubei Juneyao Helath Drinks Co. Ltd


KangJoin Biotech Co., Limited


EcoCeres Limited


Guangzhou Xinjian Intelligence Control Technology Co.


Work highlights


Beijing DaHui Lawyers

Beijing DaHui Lawyers considers private equity to be one of its core areas of expertise, representing investors and target companies on a wide variety of transactions, from angel and pre-IPO to take-privates and capital restructurings. Brendon Wu is a leading figure in the practice and has represented numerous well-known early-stage Chinese internet entrepreneurs in spin-offs and restructurings; also bringing a particularly broad sector focus that covers media, technology, real estate and education. Julia Dai is a significant figure in Shanghai and has vast experience of US and Hong Kong IPOs, as well as overseas bond offerings. Zheng Zha splits his time between Beijing and New York, and is highly sought after by PE funds for advice on their investments and joint ventures in China.

Practice head(s):

Brendon Wu


Other key lawyers:

Richard Ma; Zheng Za; Julia Dai; Gary Li; Yingyuan Xue


Testimonials

‘Professional, responsive, reliable and effective.’

‘They are able to introduce partner teams in different professional fields to provide services based on the customer’s business needs at any time.’

‘We have been working with Dahui partner Brendon Wu and his team for 3 years. Brendon is very willing to help companies succeed and grow. He always puts the company’s vital interests first, and provides us with a lot of creative and constructive legal assistance, especially in investment and financing, company equity structure design, etc.’

Key clients

Alibaba Group (including Alibaba Pictures)


Ant Group


Chengwei Capital


China International Capital Corporation Limited (CICC)


ClearVue Partners


Crystal Stream Fund


Decent Capital


Folding Space


FreeS Fund


Genecast Biotechnology


Genesis Capital


GSR Ventures Capital/GSR United Capital


Guangdian Weilai Venture Investment ManagementCapital Co., Ltd.


Hidden Hill Capital


Hillhouse Capital


IDG


Kinzon Capital


Matrix Partners China


Merck Ventures


Miracogen


New Horizon Capital


Niutron Technologies


Prospect Avenue Capital


Saudi Amarco Energy Ventures


Sequoia Capital China


Sequoia CBC Cross-Border Digital Industry Fund


Shunwei Capital


Sinopharm-CICC Capital


Skyview Capital


Source Code Capital


THG Ventures


Viva Ventures


Xioami


Alibaba Group (including Alibaba Pictures)


AMI AHA MOMENT INNOVATION (Shike Chuangzao)


Ant Group


Beilin Hongrun Investments


ByteDance


CDB-CDC Venture


Chillyroom Games


China International Capital Corporation Limited (CICC)


China Merchants Health Care (招商局健康)


ClearVue Partners


Conglin Manbu Food Technology Co., Ltd.


CR Capital


Crystal Stream Fund


CYLW Healthcare Technology Co., Ltd.


Decent Capital


Dedao Yuntong Technology


Echooo Holding Limited


Everbright Holding


Evernote/Yinxiang Biji (Shanghai) Technology Co., Ltd.


FC AMC


Fenchadian Network Technologies


Fenchadian Technology


Fidelity


F-space Internet Technology


Fuliu Culture


Genecast Biotechnology


Genesis Capital


GSR Ventures Capital/GSR United Capital


Guangdian Weilai Venture Investment ManagementCapital Co., Ltd.


Haisan Technology (“He3”)


Hidden Hill Capital


Hillhouse Capital


HouDe Capital


Huoran Biotechnology


IDG


J&T Global Express Limited


Maijin e-Commerce Co., Ltd.


Matrix Partners China


Medical Strong


Merck Healthcare KGaA


Merck Ventures B.V.


MyTherapist Inc.


New Horizon Capital


Ningxuan Investment (宁轩投资)


Niu Technologies


Niutron Technologies


Prospect Avenue Capital


Saudi Amarco Energy Ventures


Sequoia Capital China


Sequoia CBC Cross-Border Digital Industry Fund


Shike Chuangzao Technology


Shulian Technology


Sinopharm-CICC Capital


Source Code Capital


Tencent


THG Ventures


Tiger Brokers


Timestock Technologies (Shiyancang)


Tongchuang Jiuding Investments


Viva Ventures


Wanyu Fangfei (万域芳菲)


XEV GLOBAL LIMITED


Xiaomi


Yijiada Medical Technologies


Youlaite Telecommunication Technology


Yuanben BioTech


Yuandao BioTech


Zaihui Network


Zaihui Network Technologies


Zetuo Technology


Zhidai Food Technology


Zhidai Technology (脂代科技)


Zhijie Yuangang International Supply Chain Technologies


Work highlights


  • Advising Sequoia on the formation of a novel “3.0v” joint venture with GitLab for the latter’s entry into the greater China market.
  • Assisting Tencent with increasing its holding in Soulgate to 49.9% for $500m just before Soulgate’s IPO.
  • Represented Saudi Aramco Energy Ventures in its investment into Red Date Technology, the PRC-based, semi-government-backed architect behind the Blockchain-based Service Network (BSN).

Global Law Office

With considerable breadth and depth of expertise of the Chinese PE market, Global Law Office regularly supports various onshore and offshore companies across a number of key sectors including technology, TMT, education, healthcare and financial services. The Shanghai practice is co-led by Steven Yu, who has close to two decades of experience advising PE and VC funds in their investment in China-based TMT companies. Co-head Jeffrey Zhu works with multinational corporations and PRC enterprises in the fields of internet, education, hospitality and petrochemicals. Beijing-based managing partner Jinrong Liu is also a PE specialist, having represented a diverse range of major clients in this field including CVC, Primavera Capital and Blackstone. Evan Sun is highly sought after by multinationals investing in Chinese companies, with his practice covering a broad range of industries from food and automobiles to culture and entertainment.

Practice head(s):

Steven Yu; Jeffrey Zhu;


Other key lawyers:

Shifang Guo; Evan Sun; Jia Guo; Jinrong Liu; Huawei Lin


Testimonials

‘Based on the red-chip structure, it has rich legal expertise in financing.’

‘Evan Sun has rich practical experience.’

‘The in-depth service of Global Law Firm’s ensures the partners are all personally involved, and a responsible team will deliver.’

Key clients

China Merchants Capital Investment Co., Ltd.


Baidu Capital


Blackstone


GLP


Primavera Capital


MGI Tech Co., Ltd.


ESR


YF Capital


Xiaomi


China Internet Investment Fund


Shunwei Capital


Sinovation Ventures


SIG


Oceanpine Capital


Wise Road Capital


Source Code Capital


China Merchants Capital


National Council for Social Security Fund (NCSSF)


Blackstone


GLP Hidden Hill Capital


Primavera Capital


ESR


YF Capital


Xiaomi


Shunwei Capital


State Development & Investment Corp., Ltd. (SDIC)


SIG


Continental AG


Wise Road Capital


Source Code Capital


Changjiang Securities Innovation Investment


SBCVC


Work highlights


  • Advised Primavera Capital Group on its $600m investment in Envision Group.
  • Advised Chipone Technology on its ¥6.5bn Series E+ financing.
  • Advised ZTO Freight (Cayman) inc. on its Series B financing of more than $300m.

Haiwen & Partners

The private equity group at Haiwen & Partners works closely with the experienced teams in capital markets, IP, tax, compliance and antitrust to provide clients such as Bain Capital, SAIF Partners and ABC Impact with a full-service offering. Jiping Zhang leads the practice from Beijing, supported by Hao Bian, whose practice focuses on IPOs, debt offerings and PE investments. Jackson Tang splits his time between Beijing and Shanghai, bringing a notable strength in cross-border transactions involving both private and public companies. Weili Chi is particularly adept when representing financial institutions, while Shanghai-based Xiajun Fang is highly sought after by Chinese listed companies to handle matters concerning material assets restructuring.

Practice head(s):

Jiping Zhang


Other key lawyers:

Hao Bian; Jackson Tang; Weili Chi; Xiajun Fang


Key clients

Tencent


Temasek


China Life Tech Innovation Fund


Sequoia Capital China


Tsing Song Capital


China Mobile Capital Holding Co., Ltd.


Cornerstone Robotics


CICC Capital


ABC Impact


Qinghai Lihao Semiconductor Materials Co., Ltd.


JJET


HEALTH GUARD BIOMED


Xiang He Capital


Startorus Fusion (陕西星环聚能科技有限公司)


SAIF Partners


Bain Capital


Work highlights


  • Assisted Lihao Semiconductor with its ¥2.2bn B round of financing.
  • Assisted JJET with its Round A, Round A+ and Round B financing in last year.
  • Acted for HEALTH GUARD BIOMED as it completed the ¥60mpPre-A+ round of financing, led by Delian Capital and Banyan, Huahong, Biotrack, Taifu followed suit.

JunHe LLP

JunHe LLP assists investors and enterprises at every stage of the private equity life-cycle. From seed and start-up stage to expansion and maturity, the firm advises major clients on IPOs, M&A and restructuring, buybacks and other divestments. Binxue Sang, Joe Chen and Ning Liu lead the offering from Shanghai, while Sammuel Zhao and Zheng Xie front the Beijing team; working closely to support an impressive roster of major global clients that includes Blackstone Group, Ping An, Carlyle and Haokaisen Group.  The team also has a notable strength in domestic and foreign leveraged acquisitions, including financial structuring, collateral arrangements and government approvals.

Practice head(s):

Binxue Sang; Sammuel Zhao; Joe Chen; Zheng Xie; Ning Liu


Other key lawyers:

Yi Wang; Ping Zhang


Testimonials

‘Partners can also participate in the discussion in depth, instead of not participating in document review after the case is accepted and handed over to the team.’

‘The team has a complete skill set. In complex M&A transactions, it can comprehensively provide all aspects that may be involved, including antitrust, ESG, taxation, foreign exchange, etc.’

‘The team serving our company is highly efficient, and the partners are personally hands-on, not only prompting risks, but also providing solutions.’

Key clients

CICC Qiyuan National Emerging Industry Venture Capital Guidance Fund


Goldman Sachs (Asia) L.L.C.


Trustbridge Partners


Legend Capital


Shanghai Integrated Circuit Industry Investment Fund Co., Ltd.


Guotai Junan Innovation Investment Co., Ltd.


FountainVest Partners


Peak Sports


Vivo Capital


CGN Wind Power Corporation


GAC Aion New Energy Automobile Co., Ltd.


Hahn & Co. Seventeenth Co., Ltd.


iQIYI, Inc.


Carlyle


Blackstone Group


Ping An Bank


Haokaisen Group


China Life Healthcare Fund


Wuxi AstraZeneca CICC Venture Capital Partnership (L.P.)


Beijing Jingshenxiang Technology Co., Ltd.


Work highlights


  • Assists GAC Aion with its Series A Financing in an Amount of RMB 18.3 billion.
  • Advised PAG on its Subscription of USD 500 m Convertible Senior Notes.
  • Advises Carlyle on its acquisition of HCP, a leading global cosmetics packaging company, from BPEA.

Shihui Partners

The private equity offering at Shihui Partners continues to consolidate its reputation amongst major private equity funds, investment arms of financial institutions, strategic corporate investors, entrepreneurs and start-ups. It has an especially strong regard in the investment, TMT and healthcare sectors. One of those leading the Beijing-based practice is George Niu, having established a proven track-record representing foreign and domestic VC and PE funds in their formation, downstream investments and exits. Co-head Zhao Liang is also a trusted advisor to numerous private investment institutions and companies, while Miranda Jiang is adept when it comes to establishing and dismantling red chip structures, FDI and M&A.

Practice head(s):

George Niu; Zhao Liang


Other key lawyers:

Miranda Jiang; Xiaodong Wang; Zan Zhu; Vicky Gong; Xiaomei Li


Testimonials

‘They keep up with new fields and new businesses.’

Key clients

JD


Tencent


Huaxing Growth Capital


K2 VC


Matrix Partners


IDG capital


Softbank Ventures Asia Corp.


CICC Capital


Eight Roads Capital


Zhen Fund


Qiming Venture


BAI Capital


Source Code Capital


Lightspeed


Vertex Capital


Orchid Asia


INCE Capital


Bluerun Ventures


Banyan Capital


China Growth Capital


JD Property Group Corporation


PICC Investment


Cwelding Technology Co., Ltd.


Source Code Capital


QCraft


Lofty Fame Developments Limited


Gaorong Partners Fund V, L.P.|Gaorong Partners Fund V-A, L.P.


YuanBio Venture Capital


3E Bioventures Capital


Nanjing Chamlion Laser Technology Co., Ltd


Jiangsu Zejing Automotive Electronics Co., Ltd.


Work highlights


  • Advised JD Property Group Corporation on its Series B financing with a total financing amount of US$ 800 million.
  • Advised ZDJX on its RMB 2.5 billion of financing project.
  • Advised Cwelding Technology Co., Ltd on its US$150 Million series E financing.

Zhong Lun Law Firm

Consistently counselling the most prominent private equity and venture capital firms in China, Zhong Lun Law Firm is noted for its significant experience regarding the establishment and tax arrangement of China-focused funds, as well as advising emerging growth companies on equity financing and restructuring for IPOs. The level of expertise is reflected in the calibre of clients represented, with the likes of Blackstone, Clearlake and SoftBank Vision Fund seeking the firm’s guidance. The mainland based practice sees Catherine Chen and Lefan Gong leading from Shanghai, as well as Ping Zhang and Borong Liu heading the Beijing team. Victor Yu is also a key contact in Beijing, particularly strong in the TMT, healthcare and life sciences sectors.

Practice head(s):

Catherine Chen; Borong Liu; Lefan Gong; Ping Zhang


Other key lawyers:

Victor Yu; Luke Zhang; Bijun Huang; Anthony Zhao; Xiaorui Yang; Tian Liu


Testimonials

‘With significant and long-term industry experience in the field of life sciences and healthcare, as well as outstanding achievements in domestic and overseas financing, the team is stable and provides continuous legal support to clients.’

‘We have cooperated with this team many times in the field of private equity investment, and we trust the lawyer members of the team very much. We believe that Zhong Lun is very down-to-earth, diligent, professional, and not lacking in diversity. The team members have educational backgrounds in multiple jurisdictions.’

‘We believe that the team has a certain degree of professionalism, excellent teamwork and collaboration, timely feedback, reasonable fees, and can solve various problems in daily company operations for us.’

‘We appreciate this team very much. In the large-scale investment and financing projects led by our unit, this team is often selected by us as the lead lawyer. We believe that the team members have first-class legal literacy and diverse educational backgrounds, and can meet our different projects. demand.’

‘The team focuses on private equity investment, investment mergers and acquisitions, and fund establishment business areas. Its services cover private equity fund establishment, fundraising, external investment, post-investment management and exit. It is good at providing domestic and foreign investment and financing legal services, involving structure construction, equity or debt financing , business cooperation and other complex forms.’

‘The Zhong Lun team has very good professionalism and can withstand our fast-paced work pressure in financing projects and properly handle various arrangements. Our company and Zhong Lun are long-term partners.’

‘We believe that the team is very professional, efficient, timely, and has good business intuition. All members of the team have first-class legal knowledge, good business vision, and top-level educational backgrounds in different jurisdictions.’

Key clients

58 Industry Fund


6 Dimensions


Ascendent Capital Partners


AstraZeneca-CICC Fund


Avatar Technology (Chongqing) Co., Ltd.


Bananain(Sanli People (Shenzhen) Technology Co., Ltd.)


Beijing Lu Kai Zhi Xing Technology Co., Ltd.


Beijing Quantu Medtech Co.,Ltd.


Blackstone Group


Boyu


Bytedance


Caveman Technologies Limited


CBC Group


CDH Investments


Cenova Management Advisors Limited


CHINA FAW GROUP CO., LTD.


China Mobile Investment Holding Co., Ltd.


China Railway Signal&Communication Corporation Limited


Chongqing Yufu Capital Equity Investment Fund Management Co. LTD


CICT Mobile


Coyote Bioscience Co., Ltd.


Decheng Capital


Eightroads


Everdisplay Optronics (Shanghai) Co., Ltd.


FAW Equity Investment (Tianjin) Co., Ltd.


Galaxycore Inc.


GBA Fund Investment Limited


General Atlantic


Genesis Capital


Guangzhou Heige Technology Co., Ltd.


Hillhouse Capital


Kingdee International Software Group Company Limited


Kunlun Capital


L Catterton Asia


LFC Investment Hong Kong Limited


Lightspeed China


Lilly Asia Ventures


M31 Navigator Fund LP


Matridx


Meituan Long-Z


MLINK (Beijing Mlink Technology Inc)


Moore Threads Technology Co. Ltd.


Morgan Stanley Private Equity Asia


NeoCura Bio-Medical Technology Co., Ltd.


New Hope Life Science Investment Fund


OPay Limited


OrbiMed


PAG


PatPat (InterFocus Cayman Ltd.)


Qiming


SDP Investment


Sequoia


Sequoia Capital China


Shanxi Puba Real Estate Co., Ltd.


Shenzhen Qianhai Sanhe Equity Fund Management Co., Ltd.


SinoUnion Healthcare


Softbank Vision Fund


Source Code Capital


SPD Silicon Valley Bank


State Grid Overseas Investment Co. Ltd.


SDP Investment


State Grid Overseas Investment Co. Ltd.


SUPERHEXA


Suzhou HunterSun Electronics Co., Ltd.


Suzhou SoftBank Yuesheng Venture Capital Management Co. LTD


Tencent


TideSwing Technologies Limited


UK healthcare company (Circle Harmony)


Vita Technology (Beijing) Co., Ltd.(VirtaiTech)


Xiamen Deyi Changqing Venture Capital Partnership (Limited partnership)


XRSPACE


Yisheng Medical (Beijing) Technology Co., Ltd.


Zhongtian Ronghui Investment Management (Beijing) Co., Ltd.


ZONGTENG GROUP


Blackstone Group


Ascendent Capital Partners


L Catterton Asia


Lightspeed China


SoftBank Vision Fund


Noah Holdings Limited


Princeton Digital Group


Farizon Auto


DongGuan Direct Drive Technology Limited


Guangzhou Gizwits LoT Technology Co., Ltd.


Energy Singularity


CNISP Group Technology Co., Ltd


OPay Limited


Bytedance


58 Industry Fund


Source Code Capital


Meituan Long-Z


Kunlun Capital


PANEXWD GROUP LIMITED


Caveman Technologies Limited


Zhongtian Ronghui Investment Management (Beijing) Co., Ltd.


Guangzhouheygears Technology Co., Ltd.


Bank of China Investment Asset Management Co., Ltd中银投资资产管理有限公司


CITIC Juxin (Beijing) Capital Management Co., Ltd中信聚信(北京)资本管理有限公司


Suzhou Industrial Park Haohai Chin Chen Investment Management Ltd.(苏州工业园区钦辰浩海投资管理有限公司)


Moore Threads Technology Co. Ltd.


Beijing Lu Kai Zhi Xing Technology Co., Ltd.


Beijing houxin Investment Management Co., Ltd


China FAW Group CO., LTD.


China Railway Signal&Communication Corporation Limited


Suzhou HunterSun Electronics Co., Ltd.


Beijing Zhishu Biotechnology Co., LTD.


Challenge IM (Beijing) Technology Co., LTD.


Moore Threads Technology Co. Ltd.


Beijing Lu Kai Zhi Xing Technology Co., Ltd.


Beijing houxin Investment Management Co., Ltd


China FAW Group CO., LTD.


China Railway Signal&Communication Corporation Limited


Suzhou HunterSun Electronics Co., Ltd.


Beijing Zhishu Biotechnology Co., LTD.


Challenge IM (Beijing) Technology Co., LTD.


China Mobile Equity Fund


China Mobile Investment Holding Co., Ltd.


Unisplendour Corporation


Guoxin Micro


Whirlpool (China) Co., Ltd


Ansteel Group


T.Y. Lin International Ltd.


Eagle Quest International Ltd.


Capcon Limited


Sichuan Qian Li Beoka Medical Technology Co.,ltd.


Qingdao Magene Intelligent Technology Co., Ltd.


AltoBeam Inc.


Shanghai Enflame Technology Co., Ltd.


Shenzhen Jaguar Microsystems Co., Ltd.


TREX Technologies


Shanghai Yibu Semiconductor Ltd.


Arcomicro Ltd.


Redhill Capital


Jadestone Capital


Sequoia Capital China


Doma Biopharmaceutical (Suzhou) Co., Ltd.


Shanghai Oriental Newspaper Co., Ltd.


XRSPACE


Work highlights


  • Advised Blackstone on its leveraged buyout of Interplex.
  • Advised Meituan Long-Z on investment of a SaaS company with the amount of ¥160m.
  • Advised Kunlun Capital on investment in a new energy company for ¥40m.

AllBright Law Offices

Led by Xianming Li and Bin Sheng, who bring considerable multi-jurisdictional experience spanning Asia, Europe and North America, AllBright Law Offices counsels clients at all stages of fund development, from establishment and management to exit and fund dispute resolution. Yan Chen is a key contact in Shanghai when it comes to private equity investment, as is Congjun Wen, who has an abundance of financing experience in the medical, new energy and consumer sectors. The transactional expertise in the Asia Pacific region is evidenced by the level of clients on its roster, with BA Capital, Ping An and SIG Asia epitomising the standard.

Practice head(s):

Xianming Li; Bin Sheng


Other key lawyers:

Yan Chen; Congjun Wen


Testimonials

‘Wen Congjun’s team of lawyers is very professional in the fields of private equity and venture capital, especially in the fields of life and health, medicine and medical care in recent years, and has provided excellent legal services for many investment institutions and enterprises in this field.’

‘The reasons why lawyer Wen Congjun and his team stand out in this field include but are not limited to: professionalism; responsibility; communication skills.’

Key clients

Shanghai North Guangxing Investment Fund Management Co., Ltd.


Shanghai Muhua Jinyu Shares Investment Management Partnership (limited partnership)


Shanghai Beyond Moore Equity Investment Fund Partnership (limited partnership)


Shanghai Day Wins Unit Investment Fund Co., Ltd.


Xiamen Self-China Investment Development Co., Ltd.


Xiamen Guosheng Development Private Equity Fund Management Co., Ltd.


Engineering Machinery Co., Ltd. of XCMG


Xiamen Self-China Investment Development Co., Ltd.


Zijin Mining Purple Sea (Xiamen) Investment Partnership (limited partnership)


Xiamen Bluemap Tianxing Investment Partnership (limited partnership)


Chongqing Yufu City Operations Construction Development Co., Ltd.


Trustbridge Partners


Trustbridge Partners


Guofang Capital


Loyal Valley Capital, Qiming Venture Partners


Quanzhou Jiaofa Private Fund Management Co., Ltd


Shanghai CIVC Investment Co., Ltd.


Xiamen Xiang’an Venture Capital Co., Ltd


Gracell Biotechnologies (Shanghai) Co., Ltd.


Ping’an Innovation Capital Co., Ltd.


Breton Technology Co., Ltd.


BA Capital


Quanzhou Jinjiang International Airport Co., Ltd


Hangzhou Fanjie Supply CHAIN Managment Co., Ltd.


Shanghai Smartee Denti-Technology Co., Ltd.


SIG Asia Investment, LLLP


Work highlights


Commerce & Finance Law Offices

Commerce & Finance Law Offices has in-depth experience across the range of private equity transactions, assisting clients throughout the entire financing process from a company’s establishment to its IPO, including angel, venture capital and strategic investments. In Beijing, Xiaoman Zhang has a strong track record handling domestic and overseas IPOs, M&A, and material assets restructuring. Also in Beijing, Xinyang Zhang is a specialist in the Chinese new economy and has a broad sector focus that spans AI, e-commerce and cultural entertainment.

Other key lawyers:

Xinyang Zhang; Xiaoman Zhang


Testimonials

‘The team has been focusing on investment and financing and IPO listing business in the medical industry for a long time, and is especially good at dealing with legal issues encountered in the investment and financing process from the perspective of listing compliance.’

‘The team is very commercially aware, has a high degree of integration in the upstream and downstream of the industry, quickly identifies important legal issues and conducts relevant legal research, and can mobilize resources within the firm to provide multi-dimensional legal services.’

‘The team is constantly improving and growing, and provide IPO, mergers and acquisitions and other services, have a high level of matching and understanding for subsequent exits in the early stage of investment, and provide relatively complex legal services.’

‘I have cooperated with Zhang Xinyang’s lawyer team of Commerce & Finance Law Firm. Zhang’s team represented us in some minority equity investmenttransactions. Attorney Zhang himself has rich experience, can respond quickly to complex and difficult issues, and provide practical promotion plans.’

‘Timely and professional.’

‘The team is quite familiar with the red-chip business, and understands the tax compliance and other matters involved in the process of building a red-chip structure.’

Key clients

Youshan Capital


GL Gyn Investment L.P


Lake Bleu Capital


Keep Inc.


Hesai Technology


Fiture Inc.


Meituan – Angular Capital Hong Kong Limited


Meituan Dianping


Shuimu Youpin Limited


Hopu Investment


Zhuhai Trinomab Biotechnology Co., Ltd.


IASO Biologics Inc.


Transcendence Capital


GL Capital (“Hangzhou Hengmei Food Technology”)


DataGrand Technology (Shanghai) Co., Ltd.


Singularity Systems Limited


China Life


Suzhou MicroPort Argus Medical Corp.


GL Capital (“Shanghai Desano Pharmaceutical”)


Beijing Surgerii Technology Co., Ltd.


GL Capital (“Zhejiang Peptites Biotech Co.,Ltd”)


Xiaomi


Shanghai Shenzhi Information Technology Co., Ltd.


DataMesh


Mech-Mind (Beijing) Robotics Technologies Ltd.


Gongqingcheng Ziniu Growth Investment Management Partnership


Dongfanghonghu (Beijing) Technology Co., Ltd.


Shanghai Chatail Information Technology Co., Ltd.


Jinfeng Borun (Xiamen) Equity Investment Partnership


GL Hospital Investment III L.P


Shenzhen Zhiyuan Biological Medicine Co. Ltd.


Ningbo Maihan Investment Management Co., Ltd.


Beijing Century Hong Shui Hospital Management Ltd.


Hesai Technology


Guizhou Fengji Ecological Agriculture Technology Co., Ltd.


DataGrand


Chengdu Longteng Water Resources Development Co., Ltd.


Hongjing Drive


TopGear


Yangtze Industry Investment Fund Management Co., Ltd.


Lake Bleu Capital


Modern Farming(Group)Co.,Ltd.


3H Health


Nuwacell Biotechnologies Co., Ltd.


Hongtai Aplus


CTC Capital


Work highlights


  • Assisted Hesai Tech with round D financing, obtain more than $370million of financing.
  • Acted as Mech-Mind’s corporate counsel, completing its C+ series financing projects, with a total amount of approximately ¥1bn.
  • Acted for Fengji Group on its $600m financing.

Han Yi Law Offices

Renowned for its strength in the TMT, e-commerce and healthcare sectors, Han Yi Law Offices acts for a diverse range of major PE and VC funds, industrial investment and hedge funds. Leading the Shanghai-based practice, Linda He routinely counsels leading international PE investors and PRC fund managers on in-bound Chinese investments. Richard Xu is another leading presence, as is Anna Yu, both being trusted advisors to Carlyle, Trustbridge Capital and General Atlantic.

Practice head(s):

Richard Xu; Linda He


Other key lawyers:

Anna Yu; Lynn Zhang


Testimonials

‘Professional in cross-border transactions.’

‘The design and operability of cross-border transaction solutions are strong and professional.’

‘Professional as always, able to understand the individual needs of customers.’

Key clients

The Carlyle Group


Trustbridge Capital


Intel Capital


Ocean Link Partners


General Atlantic


Ark Pacific Capital


Ontario Teachers’ Pension Pen (OTPP)


Coatue Management


Marlin Equity Partners


Bairong Inc.


The Carlyle Group


Trustbridge Capital


Intel Capital


General Atlantic


Bairong Inc.


Beijing E-Town Int’l Industry Investment Fund


Adicon International Limited


Work highlights


  • Advised Intel Capital and its co-investors on their pre-A round of equity investment in Shanghai IC Bench Technology Co., Ltd.
  • Advised General Atlantic on its equity investment in Shein, a China-based global fashion and lifestyle e-retailer.
  • Advised Adicon Holdings Limited on its strategic partnership with Nasdaq-listed Guardant Health.

Jingtian & Gongcheng

Jingtian & Gongcheng is well-versed in handling private equity transactions in the PRC and abroad, encompassing cross-border investments, red-chip structures and complex financings from series angel to pre-IPO. The practice has also carved out a reputation for its expertise in a number of key growth sectors such as new energy, healthcare and TMT. Yongqing Huang leads the offering from Beijing, well supported by Zhengzheng Hu, who regularly provides PRC counsel on IPO deals on foreign stock exchange markets. Jinjin Chen is also building a solid reputation on the mainland, having represented numerous RMB and USD-denominated funds, including the likes of Sequoia Capital.

Practice head(s):

Yongqing Huang


Other key lawyers:

Zhengzheng Hu; Guanchun Dai; Jinjin Chen


Testimonials

‘The Jingtian team can fully understand the core business demands of clients, so as to provide valuable legal opinions on the most important legal issues. The team is highly dedicated and able to respond quickly in fast-moving transactions, providing high-quality professional advice.’


Key clients

Suning Group


Sequoia Capital


China International Capital Corporation


SIPG


Beijing Yuanxin Technology Group Co., Ltd.


SF Express


Kenexa


Starquest Capital


Yao Capital


Zhen Fund


National Military-civilian Integration Industrial Investment Fund Co., Ltd.


Beijing AviChina Phase I Aviation Industrial Investment Fund (Limited Partnership)


Alibaba Group


IDG Capital


Kefa Fund


Dayone Capital& Source Code Capital


Susquehanna International Group, LLP (“SIG”)


BA Capital


Shenzhen Shenxin Biotechnology Co., Ltd (“INNORNA”)


Loyal Valley Capital


Qiming Venture Partners


Deepwise Limited (“DeepWise”)


Sinopec Capical Co., Ltd


Beijing Quantum Jump Technology Co., Ltd.


Beijing Shumei Times Technology Co., Ltd.


Sensors Network Science and Technology (Beijing) Co., Ltd.


Shenzhen Pudu Technology Co., Ltd.


Wuhan Polytechnic Digital Communication Engineering Co., Ltd.


Jilin City Qiaoshan Beidahu Investment Management Co., Ltd.


Beijing More Health Technology Group Co., Ltd.


Nantong CICC Chuanhe Equity Investment Partnership (L.P.)


Hangzhou Haikang Smart Industry Equity Investment Fund Partnership (Limited Partnership)


Alibaba Group


China Integrated Circuit Industry Investment Fund II LTD


Dayone Capital


IDG Capital


Qiming Venture Partners


Hangzhou PrimeCare Technology Group Co. LTD


GP Capital


Shanghai Yunsilicon Technology Co., LTD


ZHEJIANG NEW ZAILING TECHNOLOGY Co., Ltd.


Wuhan Polytechnic Digital Communication Engineering Co., Ltd.


Mirae Assets


FutureX Capital


Sequoia Capital


Llinks Law Offices

Llinks Law Offices’ in-depth knowledge of Chinese laws and regulations is a major asset for its clients considering private equity transactions in the region, with domestic and international entrepreneurs from various industries seeking counsel on all rounds of fundraising from initial start-up to pre-IPO. The Shanghai-based practice is spearheaded by Nicholas Lou, someone with abundant experience assisting equity investment managers in establishing RMB funds throughout different cities in China. Colin Shi acts for a diverse mix of top clients, including domestic and international investment funds, multinational companies, listed companies, start-ups and growth companies. Selena She is also a trusted advisor to leading investment banks and funds, Fortune 500 companies and various other PE funds; while below partner level, associate Amanda Song is developing strong expertise in cross-border equity investments.

Practice head(s):

Nicholas Lou


Other key lawyers:

Selena She; Colin Shi; Amanda Song


Testimonials

‘Can provide a package of legal services covering investment, real estate, leasing, business, equity disputes, and leverage more legal resources to provide customers with in-depth services.’

Key clients

Wm Smart Mobility (Shanghai) Co., Ltd.


Shenzhen SenseTime Technology Co., Ltd.


Shanghai Cell Therapy Group Co. Ltd.


Red Pepper Limited


Beijing Cheerbright Technologies Co. Ltd.


Beijing Qi Wo Bo Guan Investment Management Partnership (Limited Partnership)


Infotech New industry Investment Fund Management Co., Ltd.


Beijing Chang Ke Jin Investment Co., Ltd.


Shanghai Xinjin Venture Capital Center (LLP)


Beijing Cheerbright Technologies Co., Ltd.


Wm Smart Mobility (Shanghai) Co., Ltd.


Shenzhen SenseTime Technology Co., Ltd.


Shanghai Cell Therapy Group Co. Ltd.


Red Pepper Limited


Beijing Cheerbright Technologies Co. Ltd.


Beijing Qi Wo Bo Guan Investment Management Partnership (Limited Partnership)


Infotech New industry Investment Fund Management Co., Ltd.


Beijing Chang Ke Jin Investment Co., Ltd.


Shanghai Xinjin Venture Capital Center (LLP)


Beijing Cheerbright Technologies Co., Ltd.


Work highlights


Merits & Tree Law Offices

Representing high-level investment funds, start-ups and strategic investors, Merits & Tree Law Offices provides private equity and venture capital counsel across a broad range of key economic sectors, from TMT and life sciences to new energy and consumer goods and retail. The practice is jointly led from Beijing by Qinghong Cai and Youyuan Jin, with the former bringing vast experience of advising funds and their managers in setting up and raising funds, fund disputes, registration of fund managers and filing of fund products.

Practice head(s):

Youyuan Jin; Qinghong Cai


Other key lawyers:

Xiaoxing Guo; Jenny Li; Songsong Gao


Testimonials

‘The team can provide one-stop legal services related to private equity funds, including but not limited to the establishment and filing of private equity funds. In the process of providing legal services for our company, I feel that the team has excellent legal skills and has a deep understanding of the industry in which our company is located.’

‘Any request could be responded in the shortest time. In addition, when faced with many difficult problems, they were able to ensure legal compliance. Flexible processing to speed up the delivery of the deal.

‘High professional level, in addition to legal knowledge and skills, also has a deep understanding of the industry.’

‘Very professional, and its legal professional ability can better match our business needs as a client.’

‘The team covers a wide range of businesses. It has been deeply involved in private equity and venture capital for many years. It can combine various project stages with reasonable team members to provide clients with legal services from investment to management, IPO, and exit.’

‘The lawyers are serious and responsible in their work, with strong learning ability and solid professional foundation. They are able to balance the workload well, understand clients’ appeals, quickly respond to clients’ problems, and have good business thinking. They are able to study and judge legal risks from multiple perspectives, and have good communication skills and resource integration skills.’

‘The firm’s investment and financing merger and acquisition department has rich experience and solid professional skills in the fields of chip semiconductor, medical health, consumption, aerospace, intelligent manufacturing, TMT and other industries. All kinds of enterprises in the IPO stage provide efficient and high-quality services.

Key clients

Sequoia Capital China


Huahui Health (Beijing) Co., Ltd.


Genfleet Pharmaceutical(Shanghai) Co., Ltd.


IDG Capital IDG


Sinovation Ventures


V Fund Capital


Zhencheng Fund


XVC


Asia Green Fund


Ponghu Group Holdings Limited


Loyal Valley Capital


Nanshan Capital


Newport Beach (Xiamen) Management Consulting Partnership (Limited partnership)


Telstra Pacific Business Solutions


Beijing Ace Playing Technology Co. Ltd.


ClinsChain (Shanghai) Clinical Services Co., Ltd.


AutoFlightX Inc.


Lean Cloud|Lean Cloud


China Youzan Limited


Beijing Ke Yi Hong Yuan photoelectric technology Co., Ltd.


D5 Inc. “D5”


GrepTime Inc. GrepTime


Hunan Hua Chuang Technology Development Co., Ltd.


Insight Lifetech Co., Ltd.


Nebula Bay (S) PTE. Ltd


Sequoia Capital


Xiaomi


Alibaba Group


ByteDance


Gaorong Capital


ZhenFund


Loyal Valley Capital


Fosun Capital


Xiamen Lianhe Equity Investment Fund Management Co., Ltd (Lanhor Capital)


Nuo Capital


Optics Valley Industrial Investment


Plum Ventures Capital


Zhencheng Fund


Huagai Capital


Bojiang Capital


Harvest Investments


Nanshan Capital


MiraclePlus


Genfleet Therapeutics (Shanghai) Inc.


Hubei Science and Technology Investment Group Co.


SIBIONICS CO., LTD.(“SIBIONICS”)


Shanghai Rennuo Medical Management Group Co., Ltd.


INFINITE BRAIN TECHNOLOGIES LIMITED


XtalPi Investment Inc.


Beijing PhaBuilder Biotechnology Co., Ltd.


Tibet Aim Pharm. INC.


Junhai Captial


DeepMirror


Sironax


Nanshan Capital


Newport Beach (Xiamen) Management Consulting Partnership (Limited partnership)


Telstra Pacific Business Solutions


Beijing Ace Playing Technology Co. Ltd.


ClinsChain (Shanghai) Clinical Services Co., Ltd.


Tibet Aim Pharm. INC.


Work highlights


  • Advised Sequoia Capital China on its Series C, D, D1, D2 and D+ investments in Dongguan Hairou Intelligent Technology Ltd.
  • Advised V Fund Capital on its Series C investments in Honji Cyclone.
  • Advised XVC on its Series C and Series D investment in YOOZ.

AnJie Broad Law Firm

AnJie Broad Law Firm has responded to the rapid development of high-end manufacturing, AI, and biotechnology in China by increasingly handling private equity and venture capital transactions in these industries, representing a broad range of investment institutions and corporate clients. Shanghai-based Hans Cai leads the team and oversees a practice that is also well regarded in the fields of AI, e-commerce, ESG and sports. Ting Yao is another prominent figure, having represented numerous well-known US dollar funds, RMB funds, state-owned capital investors and industrial investors. Huan Chen has also established a solid reputation in this space, especially amongst significant regional players such as CICC and Legend Capital.

Practice head(s):

Hans Cai


Other key lawyers:

Ting Yao; Huan Chen


Testimonials

‘Chen Huan can give clear and feasible suggestions in a timely manner within a highly tense timetable, as well as the consequences of the suggestions not being accepted by the other party, so that we can quickly make judgments.’

‘AnJie Law Firm is a trustworthy partner. The lawyers of this law firm are skilled in business and can provide customers with one-stop service. They are very friendly to start-up companies like us and save us a lot of trouble. The law firm has low turnover of personnel, can accompany the growth of users for a long time, and provides various services such as intellectual property rights and trademark registration.’

‘One of the biggest characteristics of the AnJie team is that they have a better understanding of customer requirements, and can constantly adjust their team’s capabilities and direction according to the track and stage of the customer’s investment.’

Key clients

5Y Capital (formerly known as Morningside Venture Capital) (五源资本,原晨兴资本)


ShuKun Technology (数坤科技)


Source Code Capital


Vitalbridge Capital


Shunwei Capital


Linear Capital


Unity Capital


GSR Ventures


Eastern Bell Capital


Cheng Heng Group


Datafues Inc (aka. Datafuse Labs/Databend)


Plum Ventures


Lynk Pharmaceuticals Co., Ltd


Zion Pharma (Cayman) Holdings Ltd


CICC Capital


Legend Capital


Yunzhou Capital


Goldenbrick Capital


Runke Fund


Guizhou Railway Investment Group


5Y Capital (五源资本)


Long Hill Capital (长岭资本)


Zhejiang SilkRoad Fund (浙江丝路基金)


G7 Connect (G7物联)


Bayland Capital (康君资本)


Enlight Growth Partners


CICC


Legend Capital


China Structural Reform and Strategy Private Equity Fund


Beijing Haotang Technology Co., Ltd. (aka. Pet’em)


Work highlights


  • Represented Zhongjin Qichen (Suzhou) Industry Equity Investment Fund Partnership (Limited Partnership), an equity investment fund managed by CICC Capital, in its investment into Xingfu Electronic Materials Co. Ltd.
  • Represented Zhongjin Chuanyu, an equity investment fund managed by CICC Capital, in its investment into Zhejiang Jinyi Shengshi Bioengeneering Co. Ltd.
  • Advised Zhongjin Qichen, an equity investment fund managed by CICC Capital, on its investment into Fujian Herui Gene Technologies Co. Ltd.

Dacheng Law Offices

The private equity group at Dacheng Law Offices is highly sought after by various well-known Chinese and international institutional investors, assisting with the establishment of complex successor funds, buyout funds, RMB funds, and funds of funds. Qing Guo is a leading presence in the Beijing office, advising on a wide range of PE setting-up, investments and financing; with particular strength in the healthcare, software and high-end manufacturing sectors. Shoushuang Li has recognisable experience advising Chinese companies when they go public on stock exchanges in Mainland China, Hong Kong and the US. In Shanghai, Chambers Yang has a proven track record in the raising, investment, management and exit of PE funds, as well as specialist knowledge in the field of valuation adjustment mechanism.

Other key lawyers:

Qing Guo; Shoushuang Li; Chambers Yang; Emilia Shi; Xugang Yu; Renwen Geng


Key clients

Trust Mutual Life


National Green Development Fund Co., Ltd.


John Dewey Group Ltd.


General Technology Venture Capital Co., Ltd.


Guokai Technology Venture Investment Co., Ltd.


Fujian Province Anxin Industry Investment Fund Partnership (L.P.)


Shenzhen guidance fund investment Co., Ltd.


Shenzhen Angel Investment Guidance Fund Co., Ltd.


SCGC Red Earth Equity investment management (Shenzhen) Co., Ltd.


Work highlights


  • Assisted Trust Mutual Life with investing in a PE fund.
  • Assisted National Green Development Fund Co., Ltd. with negotiating the LPA and side letter with the GP of its sub funds.
  • Represented John Dewey Group Ltd. in filing an arbitration again a famous foreign real estate fund for equity transfer dispute.

Jincheng Tongda & Neal

Led from Beijing by Lingyan Peng, Jincheng Tongda & Neal utilises its in-depth expertise in the relevant areas of M&A, capital markets, natural resources and projects and infrastructure to provide a full-service private equity offering. In Shanghai, Chengchen Gan is an experienced figure for in-bound and out-bound PE investments, especially in emerging industries such as technology, commercial real estate, retail and franchise and TMT. Beijing-based Guohua Wu represents some of the most prominent funds and industrial companies in China, while Xiaodong Zheng brings specialist expertise in foreign direct investment and IPOs.

Practice head(s):

Lingyan Peng


Other key lawyers:

Guohua Wu; Chengchen Gan; Xiaodong Zheng


Testimonials

‘The legal team of Jincheng Tongda has given us an excellent cooperation experience with its unique creativity and high-quality service capabilities.’

‘They have cooperated with us in-depth for many years and escorted our company’s previous major changes and reorganizations. They are our best business partners and the most solid legal backing.’

‘The team is proficient in legal services for private equity fund managers in the whole process of “pre-funding”, “fundraising”, “investment”, “management” and “retirement”, and has always been in the leading position among peers in terms of private equity fund manager filing and registration.’

‘Jincheng Tongda’s lawyers are extremely diverse and inclusive. They have a team of lawyers with backgrounds and experiences from China, Singapore, the United States, the United Kingdom, etc., which can well meet our different types of needs, and through the firm internal efficient cooperation provides us with more efficient and professional integrated services.’

‘JT&N is a great firm to work with and has experts spread across all aspects of VC and company building. We have reached problems spreading different aspects of fundraising and IPO, and they have always been able to find an expert amongst the firm to resolve our issues. I would highly recommend JT&N to anyone looking to start a new company and raising funds.’

Key clients

ZhangjiaGang Industrial Capital


13 investors including Wuxi Tongfu Digital Model Investment Management Partnership, Jiaxing Houyang Zaixin Investment Partnership, and Xiamen Lianhe Phase II Integrated Circuit Industry Equity Investment Fund Partnership


SIIC Fund Management


Hyfinity


CDH


Shanghai Jaka Robotics Ltd.


Shanghai Yanmo Network Technology Co., Ltd.


Suzhou Qi-Biodesign Biotechnology Co., Ltd.


Shanghai Woowii Network Technology Co., Ltd.


Tosun Intelligen


Qi Biodesign


the funds under SIIC Fund Management


Yixing Urban Investment


SIP Oriza Seed Fund Management Co., Ltd. (Oriza Seed)


CMB International


CDH Investments


ATM Capital


Shanghai Yanmo Network Technology Co., Ltd.


A Pharmaceutical M&A Fund


Work highlights


  • Assisted ZhangjiaGang Industrial Capital with investing in Shanghai LinGang New Area Industry Allocation Fund (Phase I).
  • Assisted several private equity funds, including China Merchants Capital and Houyang Capital, with completing the equity investment in Analogix Semiconductor (round B investment-¥2bn).
  • Advised funds under SIIC Fund Management to complete the B + round investment in ARTOSYN.

Tian Yuan Law Firm

With strong foundations in the fields of life sciences and high technology, Tian Yuan Law Firm is well-versed in providing tailored private equity investment advice to top Chinese and overseas fund and corporate clients. Also strong in other high-growth sectors of AI, healthcare and entertainment, the practice caters to major funds such as Sequoia, IDG and Golden Circle Capital. Jiayun Xie heads up the offering from Beijing and is highly regarded by major domestic and international investment institutions as well as start-up companies.

Practice head(s):

Jiayun Xie


Other key lawyers:

Yuting Dong; Guanxiong Wu


Testimonials

‘Xie Jiayun’s team of lawyers has provided us with private equity investment legal services all year round, and the performance is very good, and the service quality is very satisfactory. Lawyer Xie’s team has profound professional skills, reasonable and stable staffing, first-class service attitude and efficiency, and can be customer-centric and respond quickly. They have strong teamwork skills, smooth communication, good business thinking, and are handy in dealing with complex issues.

‘As a partner, Xie Jiayun led the team to provide high-quality services to clients. She puts great enthusiasm and energy into each project, and always maintains a highly responsible attitude towards customers. At the same time, she has profound professional knowledge and rich experience, has a good business thinking, and can provide accurate and timely feedback and suggestions on complex legal issues.’

‘Partners and team members are very responsible, and partners are deeply involved in the work. Not only provide advice and solutions from a legal point of view, but also take into account commercial demands. Properly managed, requirements are implemented and enforced.’

‘Xie Jiayun is deeply involved in various work. Not only provides advice and solutions from a legal point of view, but also take into account commercial demands.’

‘Able to think from the perspective of an investor, and at the same time very professional in the legal dimension. This is something that many law firms do not have. Think about legal issues from the perspective of helping companies succeed, not risks.’

‘Xie Jiayun is efficient, professional and responsible. We have cooperated to complete the investment of more than 10 projects, and the cooperation is tacit.’

‘The lawyer team of Xie Jiayun at Tian Yuan Law Firm has been in the field of venture capital for many years and has rich experience. It is a learning team that can balance the workload well, quickly respond to customers’ problems, and has good business thinking.

‘Lawyer Xie Jiayun has a strong learning ability. In addition to legal professional knowledge, she can learn business and industry background knowledge by herself, and judge project risks from multiple perspectives. She is comprehensive, serious and responsible, and good at communication.’

Key clients

Spark Thinking


Sequoia Capital


IDG Capital


Lilly Asia


Hui Shu Zhang (Beijing Gong Jin Technology Co., Ltd.)


Sequoia Capital


IDG Capital


Sequoia Capital


Eli Lilly of Asia


Golden Circle Capital


Chengtong Tongying Fund Management Co., Ltd.


Work highlights


Zhao Sheng Law Firm

Operating in joint operation with global firm Linklaters, Zhao Sheng Law Firm’s private equity group implements a sector-focused approach, targeting high growth-sectors such as TMT, healthcare, fintech, real estate and education. Splitting his time between the mainland offices in Shanghai and Beijing, Eric Liu oversees a practice that offers clients an impressive span of expertise, covering equity financing, minority and strategic investments, as well as trade sale experience.

Practice head(s):

Eric Liu


Other key lawyers:

Richard Gu; Colette Pan


Testimonials

‘The firm has a strong global background and can provide clients with collaborative cooperation in different jurisdictions. In recent years, the firm has entered into a joint venture with Linklaters, and the resources of the two parties are complementary and exchanged, which can provide clients with more comprehensive legal services in Chinese.’

‘I mainly contact lawyer Eric Liu. Lawyer Liu is very good at communication and can quickly grasp the main contradiction of the matter and allocate team resources to properly resolve it.’

‘The Zhaosheng lawyer team has strong communication skills and professional capabilities, especially in cross-border investment and mergers and acquisitions. They can quickly understand the core needs of customers, and implement them through negotiations and legal texts, forming a better protection for the rights and interests of customers.’

Key clients

IDG Capital


CITIC Securities


Sofina Asia Private Ltd


Qatar Investment Authority


GLP Pte. Ltd


ByteDance


DiDi Chuxing


Hillhouse Capital


CR-CP Life Science Fund


Productive Technologies Company Limited (“PDT”)


Silk Road Fund


Nestle Treasury Centre-Middle East & Africa Ltd (“Nestlé”)


CITIC Securities Investment Limited (“CSI”)


Work highlights


  • Advised Zhuhai Hidden Hill Modern Logistics Industry Equity Investment Fund on its $10m Series C investment in Hebe Beauty Style Cayman Limited, a cosmetic business.
  • Advised Sofina on its investment in PETKIT Technology Inc.’s Series D equity financing.
  • Advised CITIC Securities Investment Co. Ltd. on its minority investment in Aihuishou as the lead Series F investor.

DeHeng Law Offices

DeHeng Law Offices offers considerable breadth of expertise in the PRC private equity space, handling a number of high-value IPOs, listings, refinancings, M&A and regulatory and compliance matters. Ping An, Softbank China Venture Capital and Taiping Asset Management are some of the significant clients on its books, having also handled a number of major listings on the Shanghai and Hong Kong stock exchanges. The practice is jointly led by Weifeng Guo and Shujuan Ji in Beijing, as well as Lei Zhang heading operations from Shanghai.

Practice head(s):

Weifeng Guo; Lei Zhang; Shujuan Ji


Testimonials

‘The team of lawyers has rich experience in the investment and financing of new energy projects such as photovoltaics and wind power, and is familiar with the laws and policies of financial institutions including the use of insurance funds, and can better integrate financial regulatory policies with new energy project investment. The characteristics are combined to provide an effective solution for the smooth progress of this project. The team members are good at a variety of fields and can control the project risks as a whole.’

Key clients

U Power International Ltd


Genilink Capital


Northern Light Venture Capital


Mega Phase Technology


Zanecon Technology


Maison Capital


Ningbo Semiconductor International Corporation


Taiping Asset Management Co., Ltd.


Songuo Motors Co., Ltd.


Dezhou Financial Fund Management Co., Ltd.


Jiangsu Zhongnan Construction Group Shanghai Investment Development Co., Ltd.


Shanghai Spinnotec Group Co., Ltd.


V Capital Co., Ltd.


Nippon Paint Automotive Coatings


Shanghai Cedar Composites Technology Co., Ltd.


Sinarmas Paper (China) Investment Co., Ltd.


Softbank (China) Investment Co., Ltd.


Tianjin Guokang Credit Promotion Co., Ltd.


Sunshine Insurance Group Company Limited


Beijing International Emerging Industrial Investment Center (L.P.)Strategic Emerging Industrial Fund


CNPC Kunlun Capital Co., Ltd.


Bozhen Biotechnology (Suzhou) Co., LTD


Shanghai Supremind Intelligent Technology Co., LTD


U POWER INTERNATIONAL LIMITED


Nippon Paint Automotive Coatings Co., Ltd. (NPAC)


Softbank China Venture Capital (SBCVC)


Taiping Asset Management Co., Ltd.


Baosteel Group Corporation


Ping An Asset Management Co., Ltd.


Songuo Motors Co., Ltd.


Dezhou Financial Fund Management Co., Ltd.


Ningbo Semiconductor International Corporation


Jiangyin Municipal Government Investment Fund (Limited Partnership)


Guangzhou PackGene Biotechnology Co., Ltd.


Tianjin Mastervision Technology Co., Ltd.


MediLink Therapeutics (Suzhou) Co., Ltd.


Qinhao Pharmaceutical (Suzhou) Co., Ltd.


Work highlights


  • Advised U POWER INTERNATIONAL LIMITED on its Pre A and Series B financing for more than ¥100m.
  • Assisted Nippon Paint Automotive Coatings with its acquisitions of five subsidiaries in mainland China.
  • Advised Beijing Yizhuang International Emerging Industry Investment Center (Limited Partnership) on the establishment of an industry sub-fund together with the listed company, Jiangfeng Yitang.

Grandall Law Firm

Grandall Law Firm has a solid presence in the China private equity market. Naijin Liu is the key contact in Tianjin, providing counsel to a range of private fund managers and asset management institutions, as well as national funds, government investment funds, state-owned funds and insurance private funds.

Other key lawyers:

Naijin Liu


Key clients

Bazhong Public Utilities Investment Group Co., Ltd


Chengdu Xiangrong Venture Capital Co., Ltd.


Star Seay (Beijing) Investment Co., Ltd.


Chengdu Jinxin Medical Investment Management Group Co., Ltd.


Chengdu Realtime Technology Co., Ltd.


Chengdu Xiangcheng Investment Group Co., LTD.


China Datang Capital Holdings Co., Ltd.


Tianjin Hi-tech Holding Group Co., Ltd.


State Power Investment Corporation (SPIC), its asset management company


ZGC Co-Innovation Fund


China Power Technology Guoyuan (Beijing) Industrial Investment Co.


Yangtze River Xiaomi Industry Fund


Asia-Pacific Property & Casualty Insurance Co., Ltd.


Taiping Innovation Investment Management Co., Ltd.


China Electronics Intelligent Fund Management Co., Ltd


CRRC (Qingdao) Manufacturing transformation and upgrading Private equity Investment Fund Partnership (limited partnership)


China Merchant Bank International Capital Management (Shenzhen) Ltd.


Shandong New Momentum Fund Management Co. LTD


Qingdao Caitong Venture Capital Management Co. LTD


Langfang Jinxin Equity Investment Fund Management Co. LTD


Zhejiang Vision Digital Economy Industrial Equity Investment Partnership (limited partnership)


Shenzhen Qifu Antai Investment Management Co. LTD


China Recources Capital Management Limited


SPIC Industrial Fund Management Co., Ltd


SPIC Development Fund Management (Hainan) Co., Ltd


Changchun Jingzheng Jiantou Investment Partnership (Limited Partnership)


Wuxi Lingshan Investment Fund Management Co., Ltd.


SPIC Investment (Hainan) Financial Management Co., LTD


Tianjin State Capital Investment Operation Co. LTD


Tianjin Maida Medical Technology Co., LTD


Hangzhou Zhongjin Fengtai Equity Investment Partnership (limited partnership)


Beijing Zhongguancun Co-Innovative Fund Management Co., Ltd


Tianjin Binhai Industry Fund Management Co. LTD


Wuhan Optics Valley Industrial Investment Fund Management Co. LTD


Huihua Fund Management Co. LTD


Yuanhe Puhua Tongxin (Suzhou) Investment Management Co., LTD


Shenzhen Angel FOF Management CO., LTD.


Beijing Jinzhang Investment Management Co. LTD


Tianjin Binhai Hi-Tech Industrial Development Zone Science and Technology Bureau


Tianjin Innovation Valley Industrial Investment and Development Co. LTD


Work highlights


Guantao Law Firm

Guantao Law Firm’s private equity team handles a steady stream of work concerning government-guided funds, major offshore funds, start-up financing and cross-border investment projects. With extensive experience in the new energy, AI, healthcare and high-end manufacturing sectors, Beijing-based practice head Yang Wang provides advice across the entire fund life-cycle from formation and financing to liquidation and exit.

Practice head(s):

Yang Wang


Testimonials

‘This is a highly-professional team. Lawyers are very efficient, and we can communicate with them easily. The team has a global thinking mindset. In order to solve our legal problems, they can allocate resources within the law firm, coordinate lawyers with rich experience in related fields, and comprehensively use different ways to form progressive and diverse solutions.’

‘Guantao law firm broke the traditional mode of single partner as the core and limited cooperation with other partners to deliver the legal services to their clients, which is a widely adopted pattern in China’s legal areas at present, and adopted the corporate operation mode of unified arrangement and unified management of the whole business by the partner management committee.’

‘The firm is able to deploy its resources according to the specific circumstances of each project and match experienced lawyers in various fields, which ensures that they can provide more reasonable and more economical problem solving solutions and implementation methods, saving our cost and time.’

‘With their solid professional skills and rich experience accumulated over the years, they have provided us with comprehensive professional legal services and comprehensive solutions in the field of government guided funds/equity investment funds. They are good at communicating with clients, always finding potential problems, considering problems from the perspective of clients and proposing practical solutions.’

Key clients

China Insurance Investment (Beijing) Co., Ltd.


General Technology High End Equipment Industry Equity Investment (Tongxiang) Partnership(L.P.)


Henan Modern Service Industry Fund Management Co., Ltd.


Guizhou Fengchuang Technology Co., Ltd.


SDIC Unity Capital Co., Ltd.


CITIC (Shenzhen) Innovation Equity Investment Management Co., Ltd.


Shenzhen eVat Master Technology Co., Ltd.


CC.AI


Beijing Find Technology Co., Ltd.


AirCode Inc.


Work highlights


  • Assisted China Insurance Investment with the raising of a new private fund with a target at up to ¥10bn, focused on the construction of rail transit in Tianjin.
  • Assisting General Technology High End Equipment Industry Equity Investment (Tongxiang) Partnership (L.P.) with its acquisition of Kunlun Core (Beijing) Technology Co., Ltd. spun off from Baidu.
  • Advising Henan Modern Service Fund Management Co., Ltd. on establishing a special fund to invest in the mixed-reform project of Luoyang LYC Bearing Co.,LTD.

Hylands Law Firm

The private equity and investment funds group at Hylands Law Firm is experienced in a diverse array of transactions, with a notable strength in the real estate, financial services, automobile and TMT sectors. Leading the practice from Beijing is Zhitong Zhu, highly experienced in the full life-cycle of private equity and venture capital investment and a trusted advisor to many strong PE firms in the region, including SAIF Partners.

Practice head(s):

Zhitong Zhu


Key clients

Ziyang Zhijie Equity Investment Fund Partnership (L.P.)


Inner Mongolia Mengniu Dairy (Group) Co., Ltd


Wuhan Hesheng Technology Co., Ltd.


Tian Fu No.1 Financial Creation Development Equity Investment Fund Partnership (Limited Partnership)


SAIF Partners


Shenzhen Neptune Information Technology Co., Ltd.


Shenzhen Boundless Brand Technology Co., Ltd.


Beijing Shengxin Network Technology Co., Ltd.


Yuanshi Intelligent Technology (Nantong) Co., Ltd.


Shanghai Nanhong New Kinetic Energy Equity Investment Partnership (L.P.)


Work highlights


PacGate Law Group

PacGate Law Group possesses a deep understanding of the Chinese private equity landscape, assisting managers and sponsors during the establishment, fundraising, investment, management and exit of various kinds of funds. Founding partner Justin Chen heads up the practice from Beijing, with his client list spanning small venture-backed entities to large listed companies. He has a notable strength in the field of venture capital investment in both the US and China.

Practice head(s):

Justin Chen


Testimonials

‘When providing PE/VC-related legal services, the team can bring comprehensive risk and benefit considerations to clients around PE/VC, and provide clients with comprehensive solutions. In addition, the team is also industry-leading in terms of staffing, timeliness of feedback, quality of results, and cost performance.’

‘The team is professional, with excellent cognition and judgment ability on the legal regulations and business risks of private equity business.’

Key clients

Nreal


October Rice Field


METiS Pharmaceuticals


Beijing Redbaby Information Technology Co., Ltd.,


Nuovo Film Inc.


FAIR Robot


ALLSENSEWW


VMS Group


CEC Fund


Northern Light Venture Capital


SBCVC


Northern Light Venture Capital Investment Enterprise


BeijingTheraXyte Bioscience Co., Ltd.


BSTIG


Zoo Capital


Shenzhen Fuhua Equity Investment Fund Management Co., Ltd.


Beijing Triniti Capital Co., Ltd.


Qihang Capital(启航投资)


Work highlights


  • Advised Megatronix on the D1 round of financing.
  • Advised Triniti Capital on the Series Pre-A financing rounds of Renshine Solar with an investment of tens of hundreds of millions of RMB.
  • Assisted TheraXyte with the completion of over tens of millions of USD series Pre A financing.