Legal DealFolio - Tencent Holdings Investment in JD.com

Davis Polk advised Tencent Holdings Ltd. in connection with its purchase of 139,493,960 Class A ordinary shares of JD.com, Inc. in a concurrent private placement as part of JD's IPO for an aggregate purchase price of USD1.3 billion. The transaction included an initial subscription of 138,014,720 Class A ordinary shares concurrently with the close of the IPO on May 28, 2014, and an additional subscription of 1,479,240 Class A ordinary shares by exercise of an over-allotment top-up option after the green shoe was exercised by the underwriters on May 30, 2014. The initial subscription together with the additional subscription amounted to 5% of the total outstanding share capital of JD. Founded in 1998, Tencent is one of China's largest and most widely used Internet service portals. JD is a leading online direct sales company in China. The transaction was part of Tencent's strategic partnership with JD.com. The Davis Polk corporate team includes partner Kirtee Kapoor and registered foreign lawyer Abhishek Kolay. All members of the Davis Polk team are based in the Hong Kong office.

Deal Date:	03-06-2014	Practice Area:	Equity Capital Markets
Deal Title:	Tencent Holdings Investment in JD.com	Industry:	Software & Computer Services
Description:	Davis Polk advised Tencent Holdings Ltd. in connection with its purchase of 139,493,960 Class A ordinary shares of JD.com, Inc. in a concurrent private placement as part of JD's IPO for an aggregate purchase price of USD1.3 billion. The transaction included an initial subscription of 138,014,720 Class A ordinary shares concurrently with the close of the IPO on May 28, 2014, and an additional subscription of 1,479,240 Class A ordinary shares by exercise of an over-allotment top-up option after the green shoe was exercised by the underwriters on May 30, 2014. The initial subscription together with the additional subscription amounted to 5% of the total outstanding share capital of JD. Founded in 1998, Tencent is one of China's largest and most widely used Internet service portals. JD is a leading online direct sales company in China. The transaction was part of Tencent's strategic partnership with JD.com. The Davis Polk corporate team includes partner Kirtee Kapoor and registered foreign lawyer Abhishek Kolay. All members of the Davis Polk team are based in the Hong Kong office.
Financial Center:	Hong Kong	Value:	1000.01-5000.00
Advised Party:	Sellers	Law Firm	Davis Polk
Company Jurisdiction	China	Market Jurisdiction	China
Classification:	Block Placings	Lawyer	Kirtee Kapoor

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Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers