Didi Crackdown Seen as Warning Shot From China’s Regulators

BY Elizabeth Beattie |

As a ride-hailing company, Didi continues to face scrutiny from the Cyberspace Administration of China, amid reported national security concerns, the industry watchers interpret it as a warning to tech companies with overseas listing ambitions.

Host of firms act on biopharma firm’s $537 mln HK secondary listing

BY Aparna Sai |

Freshfields Bruckhaus Deringer, Gibson, Dunn & Crutcher, King & Wood Mallesons and DLA Piper have advised Chinese biopharma company Hutchmed on its HK$4.17 billion ($537 million) secondary listing in Hong Kong.

Links, Freshies lead on China Duty Free’s planned $7 bln HK secondary listing

BY Kristen Liu 刘诗宇 |

Linklaters and Haiwen & Partners are advising China Tourism Group Duty Free Corporation  on its planned secondary listing in Hong Kong, with Freshfields Bruckhaus Deringer and Jia Yuan Law Offices advising the joint underwriters.

S&C, Freshies lead on Chinese EV maker’s planned HK dual primary listing

BY Kristen Liu 刘诗宇 |

Sullivan & Cromwell and Fangda Partners are advising Chinese smart electric vehicle maker Xpeng on its planned dual primary listing in Hong Kong, with Freshfields Bruckhaus Deringer and JunHe advising the joint sponsors. The listing is expected to raise nearly $2 billion.

Neighbourly Ties

BY Elizabeth Beattie |

As two of the world’s three largest economies, Japan and China have had strong trade and investment links for decades now.

Recruitment Rebound Shows Law Firm Hiring in Greater China Back on Track

BY Asian Legal Business |

It’s official: Law firm hiring has well and truly recovered from the pandemic. Lateral moves across Asia’s legal markets in the first quarter of this year have already surpassed the number from the entirety of 2020. In mainland China alone, ALB recorded more than 40 lateral hires in the first two months of 2021.

Bucking the Global Trend, Law Firm Demand for Office Space in Mainland China Is Actually Increasing

BY Kristen Liu 刘诗宇 |

The pandemic has likely permanently altered the legal industry globally in a number of significant ways.

Mayer Brown adds oil with HK hire from Baker Botts

BY Asian Legal Business |

Mayer Brown has welcomed back oil and gas specialist Joanne Du as a partner in Hong Kong from Baker Botts.

Davis Polk, HSF lead on CARsgen’s planned $400 mln HK IPO

BY Charlie Wu 吴卓言 |

Davis Polk & Wardwell and Global Law Office are advising medical research firm CARsgen Therapeutics on its planned IPO in Hong Kong, with Herbert Smith Freehills and Zhong Lun Law Firm advising the joint underwriters. The IPO is expected to raise up to $400 million.

Wilson Sonsini, CC lead on orthodontics company’s $375 mln HK IPO

BY Kristen Liu 刘诗宇 |

Wilson Sonsini Goodrich & Rosati and Han Kun Law Offices have advised Chinese dental brace maker Angelalign Technology on its $375 million IPO on the Hong Kong Stock Exchange, with Clifford Chance and Tian Yuan Law Firm advising the joint underwriters.

Davis Polk, Sidley lead on dairy company Youran’s planned $643 mln HK IPO

BY Kristen Liu 刘诗宇 |

Davis Polk & Wardwell and Tian Yuan Law Firm are advising China’s Youran Dairy on its planned IPO in Hong Kong, with Sidley Austin and Dentons advising the joint underwriters.

Former Simmons, Fried Frank China MP relaunches solo firm

BY Elizabeth Beattie |

Huen Wong, a former Greater China managing partner at both Simmons & Simmons and Fried, Frank, Harris, Shriver & Jacobson, has launched a sole proprietorship focused on arbitration and mediation, Asian Legal Business has learnt.