TMT: PRC firms in China

Fangda Partners

Fangda Partners's group provides a full service to technology companies and financial institutions in relation to equity and debt financing, restructuring, M&A, data protection, cross-border data transmission and network security compliance, competition and IP rights protection. The group is often instructed by major PRC-based multinationals, counting among others, Alibaba, Full Truck Alliance and Didi as clients. As well as established names, the group also has experience advising start-ups and unicorn companies, advising both investors and founders on financing arrangements. The department is led by Amanda Zhou, whose practice covers the spectrum of transactional matters, alongside Jonathan ZhouDoris Tang and Lily Yin.

Practice head(s):

Amanda Zhou

Other key lawyers:

Jonathan Zhou; Doris Tang; Lily Yin; Jack Li

Key clients

Alibaba Group Holding

Full Truck Alliance

Ant Financial

Local Services Holding

Canada Pension Plan Investment Board Warburg Pincus

Discovery Capital Management LLC

Boyu Capital

Cainiao Networks

Nanjing Xiruan Corporate Management

Beijing Qianxin Technology Co

Work highlights

  • Advised Alibaba on its investment in Ant Financial for a 33% equity interest.
  • Advised Canada Pension Plan Investment Board, Warburg Pincus, Discovery Capital Management LLC and Boyu Capital on their subscription of the shares issued by Ant International Co.
  • Advised Alibaba on its strategic investment in Jiangsu Carzone Autoparts.

Global Law Office

Global Law Office is noted for its full contentious and non-contentious TMT offering, handling IP disputes, as well as public offerings, private equity investments, debt financing, IP licencing and transfers, cyber security and data protection matters, for a range of Chinese technology companies, including Tencent. The group, which is based across Beijing and Shanghai, is jointly led by international and domestic private equity expert Steven YuVincent Wang, who specialises in operational and regulatory work (including encryption and matters relating to e-payment), and intellectual property specialist Meph Jia Gui. In July 2018, the team was greatly boosted by the arrival of Maggie Meng, who advises multinationals and SOEs on data protection, from an in-house position with Mobovoi.

Practice head(s):

Steven Yu; Vincent Wang; Meph Jia Gui

Other key lawyers:

Cheng Li; Jihong He; Jack Li; Maggie Meng

Key clients


Puhua Capital

Shanghai Shi Zhuang Information Technology Co

Linklogis Financial Holdings



Wanka Online

AsiaInfo Technologies

Richemond Group

Xiaomi Group

Work highlights

  • Represented Tencent, the controlling shareholder of Tencent Doctorwork, in the merger transaction of Tencent Doctorwork and Trusted Doctors.
  • Represented Puhua Capital, the second largest institutional investors of, in its participation in the VIE restructuring and Series E financing of
  • Represented Linklogis in its series C financing.

Han Kun Law Offices

Han Kun Law Offices' multidisciplinary advises multinational Chinese and foreign TMT companies (including Baidu, Tencent,, Levono and Philips) as well as investors on the range of corporate transactions, regulatory compliance, IP and litigation matters. Key figures on the team include Charles Li, who specialises in public and private financing; private equity and venture capital investment expert Yijun Chao; and Tracy Zhou, who has experience in antitrust law and foreign direct investment issues. Adrian Lv is another name to note with corporate law expertise.

Other key lawyers:

Charles Li; Yijun Chao; Dafei Chen; Tracy Zhou; Gloria Xu; David Li; Jun He; Adrian Lv


It has a leading position in the TMT industry

Key clients




NBA China




CAR Inc.




Work highlights

  • Represented Meituan Dianping in its global offering and listing on the Main Board of the Hong Kong Stock Exchange.
  • Represented Rajax Holding in its 100% acquisition by Alibaba.
  • Represented Tencent in its $6bn issue of notes under the global medium-term note programme.
  • Represented Tencent Music Entertainment Group in its US initial public offering and listing on the New York Stock Exchange.

King & Wood Mallesons

King & Wood Mallesons has an incredibly strong telecoms and technology practice, which, in addition to corporate transactions and regulatory compliance, has experience advising on national broadband roll-outs, regulatory reform, network access agreements and disputes, as well as wholesale arrangements between network carriers. In addition, the group has expertise in assisting clients with procuring and implementing IT systems where there are significant risks and risk allocation issues. Richard Nie specialises in corporate transactions; Rocky Lee has extensive regulatory knowledge; Cecilia Lou has a strong IP practice, but also handles media, information technology and telecoms law issues; while Lawrence Yu has expertise in cross-border financing and fintech. Hanyu Zhang is also recommended.

Practice head(s):

Xiaohong Zhao; Richard Nie; Peng Mu; Rocky Lee; Xiaolei Yang; Yingmao Tang; Rui Zhou

Other key lawyers:

Cecilia Lou; Allen Zhong; Lawrence Yu; Zheng Su

Key clients

Foxconn Industrial Internet Co




Visionox Technology

Alibaba Group Holding


PP Sports

Morgan Stanley

Credit Suisse

JP Morgan


China Tower Corporation

Work highlights

  • Advised Foxconn Industrial Internet on its listing on the Shanghai Stock Exchange.
  • Advised Baidu on a reorganisation splitting its financial services group, which subsequently received $1.9bn financing from TPG, The Carlyle Group, Taikang and ABC International.
  • Advised Siemens on its cooperation agreement with Alibaba Cloud in relation to the MindSphere project.

Zhong Lun Law Firm

Zhong Lun Law Firm's clients include key players in the technology, telecoms, e-commerce and fintech sectors, which the team advises on the spectrum of transactions, as well as issues such as telecoms infrastructure development, data collection and privacy and cross-border transmission. The group also has a large start-up client base, assisting with financing and IPOs. The names to note are Anthony Zhao, who focuses on private equity and investment funds; and on- and offshore corporate finance specialist Victor YuMei Han, who was promoted to partner in 2018, is another recommended lawyer with transactional expertise.

Other key lawyers:

Anthony Zhao; Jihong Chen; Victor Yu; William Qiu; Johnson Zhu; Bill Shang


The team has a number of experienced practitioners that are able to provide seamless support from its two major offices in Beijing and Shanghai‘.

Solid theoretical foundation, and in-depth industry knowledge‘.

Commercially minded

Analyses problems from client’s perspective and provides the best possible solutions‘.

DaHui Lawyers

The sweet-spot for DaHui Lawyers is advising clients based in the US, UK and Germany on their operations and transactions in the Chinese market. The group has expertise in market-entry, regulatory compliance, cross-border and domestic acquisitions, as well as structuring, financing and dispute resolution. The group is also able to advise on cybersecurity and data protection strategies. The department is jointly led by founding and managing partner Richard Ma, who specialises in cross-border transactions in the TMT space, and Brendon Wu, whose clients include a variety of private equity and venture capital funds. Cloud Li is another name to note with contentious and non-contentious TMT mandates. Michael Dardzinski joined from Reed Smith Richards Butler in 2018, and focuses on US clients, while in 2019, the group was joined by Shan He from an in-house position at China Media Capital.

Practice head(s):

Richard Ma; Brendon Wu

Other key lawyers:

Julia Dai; Cloud Li; Jonathan Pfister


The senior partners are very hands-on, and have great project management skills

Solid legal skills and business sense

In the TMT field, the firm is outstanding in investment projects and compliance as well as litigation

Dahui is a first-class commercial law firm that provides innovative, effective and practical legal solutions to clients

Key clients


Alibaba Group Inc.

Aruba Networks

British Medical Journal


CBS Corporation

Comcast Communications

Concordia University Wisconsin

Credit Suisse

Daimler AG

Dulwich College

Goldman Sachs

Elsevier Limited

Eton College

Jingtian & Gongcheng

Jingtian & Gongcheng has an active transactional TMT practice, advising on IPOs and financing for clients with operations in China and local companies operating abroad. The group is co-led by corporate generalists Yongqing Huang and Zhenhua Xiang. Supporting the team, Lizhi Yuan specialises in cyber-security and data protection, while Ke Hu is a contentious and non-contentious IP expert.

Practice head(s):

Zhenhua Xiang; Yongqing Huang

Other key lawyers:

Lizhi Yuan; Ke Hu; Ben Yates; Jinjin Chen; Ye Zhao

Work highlights

  • Acted as PRC counsel to Cayman-listed Maoyan Entertainment on its listing on the Hong Kong Stock Exchange.
  • Advised AviChina Industry and Technology on converting all domestic shares into H shares under the H Share Full Circulation Pilot Project.
  • Advised Missfresh on multiple fundraising rounds and continues to act as general legal counsel for business operation compliance, fund formation, data security and investment.


JunHe LLP has a strong corporate TMT practice, which specialises in sector-related M&A, foreign direct investment and capital markets matters. The group also handles regulatory compliance for multinationals with operations in China, while the department often draws on the firm's strong intellectual property team. The team is led by Janet Hui who specialises in cross-border antitrust and M&A issues. Marissa Dong is also recommended for expertise in data privacy and information law.

Practice head(s):

Janet Hui

Other key lawyers:

Marissa Dong; Fang Zhou; Brett Zhang

Key clients

Xinhua Net

Xinhua New Media

Glodon Co

Toonmax Media Co

Oriental Pearl Group

SMG Pictures

Shanghai International Film Festival Center

Fundamental Films

Shanghai Fundamental Media Co

Shanghai SMG Pictures Co

Work highlights

  • Provided PRC legal services to SoftBank Vision Fund as a major investor in the A round financing of Ping An Healthcare Management.
  • Advised Snowball Finance on its Series D fundraising.
  • Advised Cenic Media on its acquisition of Dark Horse comics.

TransAsia Lawyers

Specialist TMT firm TransAsia Lawyers advises prominent international and PRC-based technology, media and entertainment companies, such as Google, Amazon, WeWork and Disney, on market entry, restructuring for domestic IPOs, financing, regulatory compliance and M&A. The group also has a niche in sports law, handling licensing, league management and broadcasting rights. Founding partner and head of the team Philip Qu has vast experience in market entry and cross-border transactions.

Practice head(s):

Philip Qu

Other key lawyers:

Kevin Guo; Justina Zhang

AnJie Law Firm

The team at AnJie Law Firm has a particular strength in telecom-related regulatory and general commercial legal services, advising a range of major international and domestic carriers on master service agreements and internet companies on issues such as cyber security and data protection - areas.  Practice head Samuel Yang has built a real niche, with clients such as AT&T, BT, Vodafone and China Unicom.

Practice head(s):

Samuel Yang

Other key lawyers:

Yang Chen; Ning Zhou

Key clients


Swisse Re





British Telecom



Align Technology



China Unicom


Work highlights

  • Advised FedEx on its personal data compliance project in China.
  • Advised BT on commercial and regulatory matters.
  • Advised AT&T on regulatory matters.

Anli Partners

Anli Partners is a boutique TMT firm, which focuses on the hi-tech sector. The group, with is jointly headed by managing partner Xinrui Wang and Wei Luo, has substantial expertise in cyber security and data compliance; the use of AI across a number of industries, including finance, retail, healthcare and fitness, autonomous driving, and e-commerce and online advertising. The group has also developed a separate media and entertainment practice, led by Shuguang Yang, which advises on investment, filming and distribution of films and television productions, including on matters relating to intellectual property rights.

Practice head(s):

Shuguang Yang; Xinrui Wang; Wei Luo

Other key lawyers:

Shanshan He; Kai Pi; Xiaoli Bai


The team has a very good accumulation of expertise in the fields of cross-legal and technological, such as personal data protection, data governance,self-driving car, intellectual property, and has a deep knowledge of international laws and regulations‘.

Xinrui Wang has great understanding in frontier issues and accurate grasping of domestic and foreign issues‘.

Key clients

Credit Reference Center, the People’s Bank of China


Bairong Yunchuang Technology Co., Ltd.

China Securities Credit Company



Sinovation Ventures AI Institute



Work highlights

  • Advises the People’s Bank of China’s Credit Reference Center on upgrades to its system, as well as research and development issues.
  • Provide special legal services for the China Securities Credit Company’s FinTech and RegTech project.
  • Assisted SMZDM with its IPO in China.
  • Advise Bairong on cyber-security and data compliance.

Haiwen & Partners

The team at Haiwen & Partners predominantly advises on TMT-related M&A, financing and investment, but in Yu Cao, it also has an expert in entertainment industry matters, including film production and financing. The group is led by Jinen Zhang, whose instructions include M&A, foreign direct investment and corporate governance from clients including Baidu.

Practice head(s):

Jinen Zhang

Other key lawyers:

Cao Yu; Hao Bian; Peng Fu; Ji Hu; Su Liu

Key clients

Ping An Healthcare and Technology Company

Lufax Holding

CITIC Private Equity Funds Management Co


China Mobile Capital Holdings Co


Work highlights

  • Advised Ping An Healthcare and Technology Company on its Hong Kong Stock Exchange IPO.
  • Assisted Alibaba with its RMB4.5bn investment in Huitongda.
  • Aurora Mobile’s IPO and listing on the Nasdaq Global Market.

Hylands Law Firm

Hylands Law Firm focuses on the media, culture and entertainment space, drawing on strong IP capabilities and expertise in corporate transactions and TMT-related disputes. The group is often called on to advise on production financing, film co-productions, the import and export of television programmes, as well as IP protection for major television networks in relation to their online platforms. The department is jointly led by Zhengning LiRong Yu and Shan Tao.

Practice head(s):

Zhengning Li; Rong Yu; Shan Tao

Other key lawyers:

Qun Xiao; Yuzi Zhu

Llinks Law Offices

Llinks Law Offices stands out for investment and financing transactions in the TMT sector, with extensive experience across e-commerce, media and entertainment, and new technologies such as cloud computing. Other areas of expertise include advice on day-to-day operations, data protection, commercial collaborations, competition and regulatory compliance, as well as software licensing. The department heads are David Yu and Nicholas Lou.

Practice head(s):

David Yu; Nicholas Lou

Other key lawyers:

Wayne Chen; Selena She; Dali Qian; Colin Shi


Professionalism, efficiency and timeliness

The team has long tracked the development of cutting-edge technology in the industry, and is familiar with the legal problems encountered

Key clients

SB China Capital

Suzhou Boyan Jiaming Venture Capital Center

Ningbo Hongqi Haochun Venture Capital Center

Shenzhen SenseTime Technology Co

Wm Smart Mobility (Shanghai) Co

Red Pepper

Work highlights

  • Assisted with SBCVC’s investment in Cowa Robot’s Series B Financing.
  • Acted for Boyan Jiaming and Hongqi Haochun on their leading investment of MiiVii Dynamics.
  • Assisted SenseTime with Series C and C+ Financing.

Tiantai Law Firm

Entering the rankings this year, Tiantai Law Firm has an accomplished TMT team, which focuses on the media and sports industries. The group, which is led by Jianhong Sun, includes Yuanyuan Dong, who advises film industry clients on project development, production, sales, publicity, distribution, derivative development, investment and financing.

Practice head(s):

Jianhong Sun

Other key lawyers:

Chunfei Guo; Yuanyuan Dong; Jizhi Zhang

Key clients

Beijing International Film Festival

Xinjiang Ape Power Entertainment

Beijing Glorious Century Media

China Putian Information Industry Group

Warner/Chappell Music

China Audio-Video Copyright Association

CCTV Amination

The Qin Empire Film Investment Company

Pearson Education Asia

Work highlights

  • Sole counsel to the Beijing International Film Festival.
  • Represented China Audio-Video Copyright Association in lawsuits raised by non-members.
  • Advises China Film Group Corporation on IP matters relating to film and television distribution.