20 May, 2015

JD.com, Inc., a Chinese direct sales company, and software and cloud services provider Kingdee International Software Group Company Limited jointly announced on 18 May 2015 that they have entered into a definitive agreement, under which JD.com will invest HKD 1.3bn (approximately USD 171m) in cash in consideration for an approximately 10% stake in Kingdee. In addition, Kingdee and JD.com plan to enter a strategic partnership under which they will collaborate on providing small and medium-sized enterprises with integrated enterprise resource planning (ERP) solutions through a cloud service.

The Skadden Hong Kong team included partners Julie Gao and John Adebiyi.

Conventus Law