Steve Lin

Initial Public Offerings

US IPOs

• NIP Group Inc. — Represented NIP Group Inc. on its successful initial public offering of 2,250,000 American depositary shares on NASDAQ under the ticker symbol “NIPG”
• ZKH Group Limited — Represented the underwriters on the initial public offering of ZKH Group Limited, a leading MRO (Maintenance, Repair & Operations) procurement service platform in China, which raised approximately US$62 million. The shares commenced trading on the New York Stock Exchange under the ticker symbol “ZKH” on December 15, 2023
• Jianzhi Education Technology Group Company Limited — Represented Jianzhi Education, a leading provider of digital educational content in China, on its US$25 million initial public offering and listing on the Nasdaq Stock Market, under the ticker symbol “JZ”
• AMTD Digital Inc. — Represented the underwriters on the initial public offering of 16 million American depositary shares of AMTD Digital Inc., a comprehensive one-stop digital solutions platform in Asia, which raised approximately US$124.8 million. The shares commenced trading on the New York Stock Exchange under the ticker symbol “HKD” on July 15, 2022
• Dingdong (Cayman) Limited — Represented Dingdong (Cayman) Limited (NYSE: DDL), a leading and fastest-growing on-demand e-commerce company in China, on its initial public offering of American depositary shares on the New York Stock Exchange 
• Zhihu Inc. — Represented the underwriters on the NYSE IPO and concurrent private placements of Zhihu Inc., an iconic online content community in China, under the ticker symbol “ZH”, that raised US$772.5 million 
• First High-School Education Group Co., Ltd. — Represented the underwriters on the US$75 million initial public offering of American depositary shares on the New York Stock Exchange of First High-School Education Group Co., Ltd. (NYSE: FHS), the largest operator of private high schools in Western China and the third largest operator in China 
• Kuke Music Holding Limited — Represented Kuke Music Holding Limited, a leading provider of classical music licensing, subscription and education services in China, on the initial public offering of American depositary shares on the NYSE that raised US$50 million
• 17 Education & Technology Group Inc. — Represented the underwriters on the $288 million initial public offering of American depositary shares on the Nasdaq Global Select Market of 17 Education & Technology Group Inc., a leading education technology company in China, under the ticker symbol “YQ”
• Lufax Holding Ltd. — Represented the underwriters on the NYSE IPO of Lufax Holding Ltd., China’s leading technology-empowered personal financial services platform, that raised US$2.36 billion
• Chindata Group Holdings Limited — Represented Chindata Group Holdings Limited, Asia’s leading carrier-neutral hyperscale data center solution provider, in Nasdaq IPO and raised US$621 million, assuming exercise of the over-allotment option
• Li Auto Inc. — Represented the underwriters on the Nasdaq IPO and concurrent private placements of Li Auto Inc. (NASDAQ: LI), an innovator in China’s new energy vehicle market that designs, develops, manufactures and sells premium smart electric SUVs, that raised US$1.5 billion
• Kingsoft Cloud Holdings Limited — Represented the underwriters in the US$586.5 million initial public offering and listing on the Nasdaq Global Select Market of Kingsoft Cloud Holdings Limited, one of China’s top cloud services providers
• Dada Nexus Limited — Represented the underwriters in the US$320 million initial public offering and listing on Nasdaq of Dada Nexus Limited, a leading platform of local on-demand retail and delivery in China
• uCloudlink Group Inc. — Represented the underwriters, in the US$36.18 million initial public offering and listing on the Nasdaq Global Market of uCloudlink Group Inc., the world’s first and leading mobile data traffic sharing marketplace
• Huize Holding Ltd. — Represented the underwriters in the US$55 million initial public offering and listing on the Nasdaq Stock Market of Huize Holding Ltd., a Chinese online insurance marketplace
• Jiayin Group Inc. — Represented Jiayin Group Inc., a leading online individual finance marketplace in China, in its US$42 million initial public offering and listing on the Nasdaq Stock Market
• 360 Finance, Inc. — Represented the underwriters in the US$51 million initial public offering and listing on NASDAQ of 360 Finance, Inc., a leading digital consumer finance platform offering financing to underserved borrowers in China
• CNFinance Holdings Limited — Represented the underwriters in the US$49 million initial public offering and listing on the New York Stock Exchange of CNFinance Holdings Limited, a leading home equity loan service provider in China
• LAIX Inc. — Represented the underwriters in the US$72 million initial public offering and listing on the New York Stock Exchange of LAIX Inc., a leading artificial intelligence company in China
• NIU Technologies — Represented the underwriters in the US$63 million initial public offering and listing on Nasdaq Global Stock Market of NIU Technologies, the largest electric scooter maker in China
• Opera Limited — Represented Opera Limited (Nasdaq: OPRA), one of the world’s leading browser providers, in the US$115.2 million initial public offering and listing on The Nasdaq Stock Market, as well as a concurrent private placement of US$60 million
• Pinduoduo Inc. — Represented the underwriters in the US$1.6 billion initial public offering and listing on the Nasdaq Global Stock Market of Pinduoduo Inc. (Nasdaq: PDD), one of China’s leading e-commerce platforms
• HUYA Inc. — Represented the underwriters in the US$207 million initial public offering and listing on the New York Stock Exchange of HUYA Inc., the leading game live streaming platform in China
• Sunlands Online Education Group — Represented the underwriters in connection with the US$149,500,000 initial public offering and listing on the New York Stock Exchange of Sunlands Online Education Group, a leading online post-secondary and professional education company in China
• Huami Corporation — Represented the underwriters in connection with the US$110,000,000 initial public offering and listing on the New York Exchange of Huami Corporation, a leading smart wearables company based in Beijing
• Four Seasons Education (Cayman) Inc. — Represented Four Seasons Education (Cayman) Inc., a leading after-school math education service provider, in its US$101,000,000 initial public offering and listing on the New York Stock Exchange
• Qudian, Inc. — Represented the underwriters in connection with the US$1,035,000,000 initial public offering and listing on the New York Stock Exchange of Qudian Inc., the largest provider of small cash credit products in China
• RYB Education, Inc. — Represented the underwriters in connection with the US$165,945,000 initial public offering and listing on the New York Stock Exchange of RYB Education, Inc., a leading Chinese pre-school education company
• ZTO Express (Cayman) Inc. — Represented the underwriters in the US$1.4 billion initial public offering of American depositary shares on the New York Stock Exchange of ZTO Express (Cayman) Inc., a leading express delivery company in China
• iDreamSky Technology Limited — Represented iDreamSky Technology Limited, one of China’s largest mobile game publishing platforms, in its US$133 million public offering (IPO) of American depositary shares on NASDAQ
• LightInTheBox Holding Co., Ltd. — Represented the underwriters in the US $91 million initial public offering and listing on the New York Stock Exchange of LightInTheBox Holding Co., Ltd., a global online retail company based out of China
• Qihoo 360 Technology Co. Ltd. — Represented Qihoo 360 Technology Co. Ltd. in its US$176 million US initial public offering
• ShangPharma Corporation — Represented the underwriters in the US$87 million US initial public offering of ShangPharma Corporation
• Global Education & Technology Group Limited — Represented the underwriters in the US$67 million US initial public offering of Global Education & Technology Group Limited
• Trina Solar Limited — Represented Trina Solar Limited in its US$160 million follow-on offering of American depositary shares
• IFM Investments Limited — Represented the underwriters for the US$87 million US initial public offering of IFM Investments Limited
• China Auto Rental Holdings Inc — Represented China Auto Rental Holdings Inc. in its proposed US initial public offering
• Represented a Chinese company, which provides software solutions and IT services, in its initial public offering and listing on the New York Stock Exchange

HK IPOs

• Dida Inc. — Represented the joint sponsors and underwriters on the global offering and listing of Dida Inc. (HKSE: 02559) on The Stock Exchange of Hong Kong Limited on June 28, 2024. China International Capital Corporation Hong Kong Securities Limited, Haitong International Capital Limited and Nomura International (Hong Kong) Limited acted as the joint sponsors for this transaction
• TUHU Car Inc. — Represented the joint sponsors and underwriters on the global offering and listing of TUHU Car Inc. (HKSE: 9690), a leading online and offline integrated platform for automotive service in China, on the Hong Kong Exchanges and Clearing Limited on September 26, 2023
• ADICON Holdings Limited — Represented ADICON Holdings Limited (“ADICON”) (HKSE: 9860) on its initial public offering and listing on the Hong Kong Stock Exchange on June 30, 2023. ADICON owns and operates more than 30 diagnostic laboratories in China that offer health care testing services
• STAR CM Holdings Limited — Advised the joint sponsors and underwriters on the global offering and listing of STAR CM Holdings Limited (HKSE: 6698) on the Main Board of the Stock Exchange of Hong Kong Limited on December 29, 2022. STAR CM is the largest variety program IP creator and operator in China in terms of revenue in 2021, owns and operates a large library of Chinese film IPs and is a music IP creator and operator in China
• 360 DigiTech, Inc. — Represented Citigroup Global Markets Asia Limited and China International Capital Corporation Hong Kong Securities Limited, the joint sponsors of 360 DigiTech, Inc. (HKSE: 3660; NASDAQ: QFIN), a leading credit-tech platform in China, on the global offering and secondary listing on the Main Board of The Stock Exchange of Hong Kong Limited
• Noah Holdings Limited — Represented Noah Holdings Limited (HKSE: 06686; NYSE: NOAH), a leading and pioneer wealth management service provider in China, on its secondary listing on the Hong Kong Stock Exchange, which includes a global offering 
• Arrail Group Limited — Represented Arrail Group Limited (HKSE: 6639), the largest dental services provider in the premium private dental service market in China by revenue, on its global offering and listing on the Hong Kong Exchanges and Clearing Limited on March 22, 2022 
• Li Auto Inc. — Represented the joint sponsors and underwriters on the US$1.52 billion global offering and dual primary listing of Li Auto Inc. (HKSE: 2015) on The Stock Exchange of Hong Kong Limited 
• Nayuki Holdings Limited — Represented the sponsors and underwriters on the US$655 million global offering and listing of Nayuki Holdings Limited (HKSE: 2150), a leading premium modern teahouse brand in China, on the Hong Kong Exchanges and Clearing Limited
• Maoyan Entertainment — Represented the underwriters in the US$250 million initial public offering and listing on the Hong Kong Stock Exchange of Maoyan Entertainment, which is a platform providing innovative Internet-empowered entertainment services in China
• Mobvista Inc. — Represented Mobvista Inc. in its US$171 million initial public offering and listing on the Hong Kong Stock Exchange. Mobvista Inc. operates a leading technology platform providing mobile advertising and mobile analytics services to the app developers globally
• iDreamSky Technology Holdings Limited — Represented the underwriters in the US$108 million initial public offering and listing on the Hong Kong Stock Exchange of iDreamSky Technology Holdings Limited, a leading mobile game publishing platform in China
• Inke — Represented the underwriters in the US$149 million initial public offering and listing on the Hong Kong Stock Exchange of Inke Limited (3700.HK), the largest mobile live streaming platform in China in terms of average monthly active streamers in 2017
• Meitu, Inc. — Represented the underwriters in connection with the US$629 million global offering and listing on the Hong Kong Stock Exchange of Meitu, Inc., a leading PRC mobile Internet company
• SMIT Holdings Limited — Represented the underwriters in the US$36 million initial public offering and listing on the Hong Kong Stock Exchange of SMIT Holdings Limited, a leading security devices provider for pay TV broadcasting access worldwide and for mobile point-of-sale payment systems in China
• China Huarong Asset Management Co., Ltd. — Represented the underwriters in the US$2.5 billion initial public offering and listing on the Hong Kong Stock Exchange of China Huarong Asset Management Co., Ltd., the largest financial asset management company in China
• China Railway Signal & Communications Corp. — Represented China Railway Signal & Communications Corp., the world’s biggest provider of train traffic-control systems, on its US$1.42 billion initial public offering on the Hong Kong Stock Exchange, before the exercise of the over-allotment option
• 3SBio Inc. — Represented Citic Private Equity, as selling shareholder in the US$707 million initial public offering of 3SBio Inc., a China-based biopharmaceutical company
• Yangtze Optical Fibre and Cable Joint Stock Limited Company — Represented the underwriters in the US$152 million initial public offering and listing on the Hong Kong Stock Exchange of Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), a leading optical fibre company in China
• Tian Ge Interactive Holdings — Represented Tian Ge Interactive Holdings, a social video platform partially owned by Sina Corporation, in its US$238 million initial public offering on the Hong Kong Stock Exchange
• BAIOO Family Interactive Limited — Represented BAIOO Family Interactive Limited, China’s leading children’s web game developer, in its initial public offering on the Hong Kong Stock Exchange and concurrent Rule 144A/ Regulation S offering of shares for approximately US$196 million
• China Harmony Auto Holding Limited — Represented the underwriters in the US$216 million initial public offering and listing on the Hong Kong Stock Exchange of China Harmony Auto Holding Limited, a leading auto-dealership group that deals exclusively in luxury and ultra-luxury passenger vehicles in China
• Trony Solar Holdings Limited — Represented the underwriters in the US$257 million Hong Kong initial public offering of Trony Solar Holdings Limited

SPAC (Special Purpose Acquisition Company) IPOs

• Vision Deal HK Acquisition Corp. — Represented Vision Deal HK Acquisition Corp., a special purpose acquisition company (SPAC), on its listing of shares (HKSE: 7827) and warrants (HKSE: 4827) on the Hong Kong Stock Exchange on June 10, 2022. This marks the second Hong Kong SPAC listing, the first Hong Kong SPAC listing led by promoters with substantial entrepreneurial and private equity background, and the largest Hong Kong SPAC listing by offering size at the time of listing 
• AP Acquisition Corp. — Represented AP Acquisition Corp. (NYSE: APCAU), a special purpose acquisition company associated with Advantage Partners, on its NYSE IPO that raised US$172.5 million. AP Acquisition Corp focuses on the de-carbonization and renewable energy sectors, with a particular focus in Japan/Asia (excluding Mainland China, Hong Kong and Macau) and European markets
• Gobi Acquisition Corp. — Represented Gobi Acquisition Corp., a special purpose acquisition company affiliated with the PAG Group, which is one of Asia's largest private investment management groups, in its NASDAQ IPO that raised US$255 million
• Summit Health Acquisition Corp. — Represented Summit Health Acquisition Corp., a special purpose acquisition company backed by a group of healthcare and capital markets professionals, including Mr. Bo Tan, Mr. Ken Poon and Mr. Wei Fu, in its NASDAQ IPO that raised US$200 million
• Artisan Acquisition Corp. — Represented Artisan Acquisition Corp., a special purpose acquisition company associated with Dr. Adrian Cheng, in its NASDAQ IPO that raised US$339 million
• SVF Investment Corp. 2 — Represented SVF Investment Corp. 2, a special purpose acquisition company backed by SoftBank Investment Advisers, in its NASDAQ IPO that raised US$230 million
• SVF Investment Corp. 3 — Represented SVF Investment Corp. 3, a special purpose acquisition company backed by SoftBank Investment Advisers, in its NASDAQ IPO that raised US$320 million
• Catcha Investment Corp. — Represented Catcha Investment Corp. ("CHAA.U"), a special purpose acquisition company backed by Catcha Group, in its NYSE IPO that raised US$300 million
• Silver Crest Acquisition Corporation — Represented Silver Crest Acquisition Corporation, a special purpose acquisition company backed by Ascendent Capital Partners, in its NASDAQ IPO that raised US$345 million
• SVF Investment Corp. — Represented SVF Investment Corp., a special purpose acquisition company backed by SoftBank Investment Advisers, in its NASDAQ IPO that raised US$603 million
• Poema Global Holdings Corp. — Represented Poema Global Holdings Corp., a special purpose acquisition company backed by Princeville Capital, in its NASDAQ IPO that raised US$345 million
• Global Synergy Acquisition Corp. — Represented Global Synergy Acquisition Corp., a special purpose acquisition company associated with Everstone Group, in its NASDAQ IPO that raised US$258 million

SPAC M&A / “De-SPACing”

• Webull Corporation — Represents Webull Corporation, a leading digital investment platform, on its business combination with SK Growth Opportunities Corporation (NASDAQ: SKGR), a publicly traded special purpose acquisition company
• ZG Group — Represented ZG Group, a leading iron & steel e-commerce platform in China, on its business combination with Aquila Acquisition Corporation, a special purpose acquisition company. The negotiated value of ZG Group in this transaction is HK$10,004,000,000, and the committed PIPE investment as of the signing date is approximately HK$605 million. This is the first de-SPAC transaction in Hong Kong since the introduction of the SPAC listing regime in Hong Kong on 1 January 2022
• AP Acquisition Corp. — Represented AP Acquisition Corp. (NYSE: APCA), a special purpose acquisition company, on its proposed business combination with JEPLAN, Inc., a global leader in chemically recycled PET technology. The transaction values the combined company at an estimated equity value of approximately US$480 million on a post-money basis. This transaction was named “Best M&A Deal - North Asia” by FinanceAsia Achievement Awards 2023
• MoneyHero Group — Represented MoneyHero Group, a market leader in the online personal finance aggregation and comparison sector in Singapore, Hong Kong, Taiwan, Philippines and Malaysia, on its business combination with Bridgetown Holdings Limited (NASDAQ: BTWN), a special purpose acquisition company formed as a collaboration between Pacific Century Group and Thiel Capital
• L Catterton Asia Acquisition Corp. — Advised L Catterton Asia Acquisition Corp. (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, on its business combination with Lotus Technology Inc., a leading global luxury electric vehicle maker that operates under the iconic British brand, Lotus. The combined business is listed under the ticker symbol “LOT”. The transaction values the combined business at a pro forma enterprise value of approximately US$5.4 billion. This transaction was named “Deals of the Year 2023” by China Business Law Journal
• ECARX Holdings Inc. — UBS AG Hong Kong Branch, Morgan Stanley Asia Limited and China International Capital Corporation, as joint financial advisors to ECARX Holdings Inc. (“ECARX”), a global mobility tech company, on the completion of its business combination with COVA Acquisition Corp., a special purpose acquisition company, on December 20, 2022. The transaction valued ECARX at approximately US$3.82 billion, is the largest de-SPAC merger transaction in China to date, and the largest de-SPAC merger transaction in Asia in 2022
• Asia Innovations Group Limited — Advised Asia Innovations Group Limited (ASIG), a leading mobile social company across emerging markets, on its proposed business combination with Magnum Opus Acquisition Limited (NYSE: OPA), a special purpose acquisition company. The business combination provides for an equity valuation of US$2.5 billion for the combined company. This transaction was named “Deals of the Year 2022” by China Business Law Journal
• TH International Limited (Tims China) — TH International Limited (Tims China), the master franchisee and operator of Tim Hortons coffee shops in China, on its business combination with Silver Crest Acquisition Corporation (NASDAQ: SLCR), a publicly-traded special purpose acquisition company. The transaction values the combined business at approximately US$1.4 billion. This transaction was named “Deals of the Year 2022” by China Business Law Journal
• Hypebeast Limited — Represented Hypebeast Limited (HKSE: 00150), a global digital media and e-commerce platform in contemporary lifestyle and culture, on its proposed listing on NASDAQ through a business combination with Iron Spark I Inc. (NASDAQ: ISAA), a special purpose acquisition company
• Poema Global Holdings Corp. (NASDAQ: PPGH) — Represented Poema Global Holdings Corp. (NASDAQ: PPGH), a special purpose acquisition company affiliated with Princeville Capital, on its business combination with Gogoro Inc., a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities
• Artisan Acquisition Corp. (NASDAQ: ARTAU) — Represented Artisan Acquisition Corp. (NASDAQ: ARTAU), a special purpose acquisition company founded by renowned Hong Kong cultural entrepreneur Adrian Cheng, on its business combination with Prenetics Group Limited, a global leader in genomic and diagnostic testing. This transaction was named “Deals of the Year 2022” by China Business Law Journal
• Magnum Opus Acquisition Limited — Represented Magnum Opus Acquisition Limited (NYSE: OPA), a publicly traded special purpose acquisition company, on its proposed business combination with Forbes Global Media Holdings Inc., the iconic business information brand 
• Bullish — Represented Bullish, a technology company focused on developing financial services for the digital assets sector, on its proposed agreement to go public on the New York Stock Exchange through a merger with Far Peak Acquisition Corporation (NYSE: FPAC), a special purpose acquisition company, for approximately US$9 billion
• Plus — Represented Plus (formerly Plus.ai), a global provider of self-driving truck technology, on its business combination with Hennessy Capital Investment Corp. V (NASDAQ: HCIC), a SPAC, with a post-combination market capitalization of approximately US$3.3 billion
• Lion Financial Group Limited – Represented Lion Financial, a Chinese investor-focused trading platform, in its business combination with Proficient Alpha Acquisition Corp. (NASDAQ: PAAC), a SPAC, valued at US$125 million 

Other Capital Markets Matters

• Legend Capital — Represented Legend Capital in the secondary offering of American depositary shares (“ADSs”) of Atour Lifestyle Holdings Limited (“Atour”) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China. Legend Capital is the major shareholder of Atour. This sale of the ADSs by Legend Capital is the first large secondary offering of a Chinese listed company in the U.S. capital market in 2023
• TH International Limited (Tims China) — Represented TH International Limited (Tims China), the exclusive master franchise of Tim Hortons coffee shops for Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) in China, on a convertible note financing by a leading global asset manager
• Li Auto Inc. — Represented the initial purchasers on the Rule 144A global offering by Li Auto Inc. (NASDAQ: LI), an innovator in China’s new energy vehicle market, of its 0.25% convertible senior notes due 2028 in an aggregate principal amount of US$862.5 million
• Dada Nexus Limited — Represented the underwriters on the $450 million follow-on public offering of American depositary shares of Dada Nexus Limited (NASDAQ: DADA), China’s leading local on-demand delivery and retail platform
• Li Auto Inc. — Represented the underwriters on the $1.36 billion follow-on public offering of American depositary shares by Li Auto Inc. (NASDAQ: LI), an innovator in China’s new energy vehicle market
• Pinduoduo Inc. — Represented the underwriters on the US$6.1 billion public offerings of equity and convertible notes by Pinduoduo Inc. (NASDAQ: PDD), one of the leading Chinese e-commerce businesses. The offerings consisted of $4.1 billion in Pinduoduo’s American Depositary Shares and $2 billion in its convertible senior notes due 2025
• Pinduoduo Inc. — Represented the initial purchasers in the offering of US$1 billion in aggregate principal amount of convertible senior notes due 2024 from Pinduoduo Inc., an innovative and fast growing “new e-commerce” platform and one of the leading Chinese e-commerce players
• Pinduoduo Inc. — Represented the underwriters in the US$1.6 billion follow-on offering of American depositary shares by Pinduoduo Inc.
• 360 Finance, Inc. — Represented the underwriters in the US$110.5 million follow-on offering of American depositary shares by 360 Finance, Inc., a NASDAQ-listed digital consumer finance platform based in China
• Huami Corporation — Represented the underwriters in the US$77 million follow-on offering of American depositary shares by Huami Corporation, a NYSE-listed smart wearables company in China
• HUYA Inc. — Represented the underwriter in the US$442 million follow-on offering of American depositary shares by HUYA Inc., a NYSE-listed game live streaming platform in China
• Daqo New Energy Corporation — Represented the underwriter in the US$30 million follow-on offering of American Depositary Shares by Daqo New Energy Corporation, a NYSE-listed solar energy company based in China
• Qihoo 360 Technology Co. Ltd. — Represented Qihoo 360 Technology Co. Ltd., a leading Internet company in China, in connection with the offering of US$1 billion of convertible senior notes due 2020 and 2021. This was the largest-ever convertible bond issued by a US-listed Chinese technology company
• JinkoSolar Holdings Co. Ltd. — Represented the underwriter in a concurrent US$150 million offering of convertible bonds and US$133 million follow-on offering of American depositary shares for JinkoSolar Holdings Co., Ltd.
• JinkoSolar Holding Co., Ltd. — Represented the underwriters in a US$71 million follow-on public offering of American depositary shares for JinkoSolar Holding Co., Ltd.
• Qihoo 360 Technology Co. Ltd. — Represented Qihoo 360 Technology Co. Ltd., a leading Internet company in China, in connection with its global offering of US$550 million convertible senior notes due 2018
• Want Want China Finance Limited — Represented the underwriters in connection with the issuance of US$600 million 1.875% Guaranteed Senior Notes due 2018 by Want Want China Finance Limited. The notes are guaranteed by Want Want China Holdings Limited, a Hong Kong listed Company, and listed on the Hong Kong Stock Exchange
• ReneSola Ltd — Represented ReneSola Ltd, a leading global manufacturer of solar wafers and producer of solar power products based in China, in connection with its offering of US$175 million of 4.125% convertible senior notes due 2018

M&A / Take-Private

• NetDragon Websoft Holdings Limited — Represented NetDragon Websoft Holdings Limited (HKSE: 777), a global leader in building internet communities, on the spin-off of its core overseas education business through its subsidiary, and the merger of its subsidiary with Gravitas Education Holdings, Inc. (NYSE: GEHI). This transaction was named “Deals of the Year 2023” by China Business Law Journal
• TH International Limited — Represented TH International Limited (“Tims China”; NASDAQ: THCH) on its acquisition of PLKC International (“Popeyes China”) to become the exclusive operator and developer of the Popeyes® brand in mainland China and Macau
• RISE Education — Represented the audit committee of the board of directors of RISE Education (NASDAQ: REDU) on RISE Education’s merger with Dada Auto Inc. (NaaS), a leading operation and technology provider serving China’s electric vehicle charging market, pursuant to which NaaS shareholders will exchange all of the issued and outstanding share capital of NaaS for newly issued shares of RISE Education. The combined company has a market capitalization of approximately US$1.77 billion. This transaction was named “Deals of the Year 2022” by China Business Law Journal
• Voyager Innovations — Represented Voyager Innovations, a KKR portfolio company and the leading technology company in the Philippines, on its US$210 million Series C fundraising round (including funding from KKR, Tencent, PLDT, IFC, SIG Venture Capital, EDBI and First Pacific) 
• 17zuoye.com — Represented Sunny Education, which operates 17zuoye.com, one of China’s leading online education platforms, in its Series D pre-IPO financing of US$100 million from Temasek, Shunwei, H Capital, DST and other investors
• Qihoo360 Technology Co. Ltd. — Advising a consortium consisting of CITIC Guoan, Golden Brick Silk Road Capital, Sequoia Capital China, Taikang Life Insurance, Ping An Insurance, Sunshine Insurance, New China Capital, Huatai Ruilian, Huasheng Capital or their affiliated entities in the US$9.3 billion acquisition of NYSE-listed Qihoo360 Technology Co.
• iDreamSky — Advising a consortium of investors, including, among others, V Capital, Prometheus Capital, Legend Capital, We Capital, Star VC or their affiliated entities, in their acquisition of NASDAQ-listed iDreamSky Technology Limited
• AutoNavi — Advising the independent committee of the board of directors of NASDAQ-listed AutoNavi in connection with its sale to Alibaba Group Holding Limited in a transaction that values AutoNavi at US$1.5 billion
• Country Style Cooking Restaurant Chain Co., Ltd — Advising the special committee of the board of directors of NYSE-listed Country Style Cooking Restaurant Chain in connection with its acquisition by a buyer group including the company’s co-founders, Ms. Hong Li and Mr. Xingqiang Zhang
• AirMedia Group — Advising the special committee of NASDAQ-listed AirMedia in connection with its evaluation of an acquisition proposal from Herman Man Guo, chairman and chief executive officer of AirMedia, and certain other members of management
• China Mobile Games and Entertainment — Advising NASDAQ-listed CMGE in connection with its acquisition by Orient Securities Company Limited, Changjiang Securities and Beijing HT Capital Investment Management
• WSP Holdings — Advising the special committee of NYSE-listed WSP Holdings in connection with a pending acquisition by H.D.S. Investments and the WSP’s founder
• UTStarcom Holdings — Advised the special committee of NASDAQ-listed UTStarcom in connection with an aborted acquisition proposal from Shah Capital and UTStarcom’s founder
• China Nuokang Bio-Pharmaceutical — Advising the founder of China Nuokang Bio-Pharmaceutical in connection with his pending acquisition of NASDAQ-listed China Nuokang Bio-Pharmaceutical
• Meitu — Represented Meitu, a leading comprehensive image and video processing service platform in China, in its co-investment with Lightspeed China Partners into the Series B financing of Faceu, a mobile photo and social app developer
• Focus Media Holding Limited — Advised the special committee of NASDAQ-listed Focus Media in connection with a US$3.7 billion acquisition by Focus Media’s chairman, The Carlyle Group, FountainVest, CITIC Capital and China Everbright.  This deal was named “2013 Private Equity Deal of the Year” by China Law & Practice , “2014 Private Equity Deal of the Year” by IFLR and “2014 Global M&A deal of the Year: China private equity’ by The American Lawyer
• SearchMedia International Limited — Represented SearchMedia International Limited in its acquisition by Ideation Acquisition Corporation as part of its SPAC listing