Jurisdiction - China
China – Skadden Advises On Two New China Corporate Finance Deals.

22 November, 2012



Skadden has represented two major Internet and technology companies in China in landmark corporate finance deals that were priced this week. 
The firm advised the leading Chinese language Internet search provider, Baidu, Inc., on its US$1.5 billion SEC-registered notes offering. The offering consisted of US$750,000,000 of 2.25% notes due 2017 and US$750,000,000 of 3.5% notes due 2022.  
Skadden also represented YY Inc,. a China-based rich communication social platform with over 400 million registered users, in its US$82 million initial public offering (IPO) and listing on NASDAQ. 
The Skadden team on Baidu's notes offering was led by Hong Kong corporate partners Julie Gao and Jonathan Stone, and the Skadden team on YY's IPO was led by Hong Kong corporate partner Julie Gao.
Skadden remained active in China's TMT space in 2012.  Skadden advised on the IPO and NYSE listing of Vipshop, a leading online discount retailer, and Youku Inc.'s US$1.1 billion merger with online video website Tudou to create China’s largest online video business, as well as a variety of other transactions, including MBOs, PIPE transactions, CB offerings and private equity financings of many leading TMT companies in China. 
For further information, please contact:
Andrew Towler, Skadden, Arps, Slate, Meagher & Flom

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