Skip to main content
news
The logo of internet technology company Netease is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. REUTERS/Aly Song

Skadden, Arps, Slate, Meagher & Flom and Zhong Lun Law Firm have advised Chinese music platform Cloud Village on its $421 million initial public offering on the Hong Kong Stock Exchange, with JunHe counselling the joint sponsors and underwriters.

Cloud Village is a music streaming business owned by China-based internet technology company NetEase, and the IPO is the company’s second attempt to list this year. It shelved its initial plan to raise $1 billion in August after Chinese regulators ordered a broad toughening of rules governing the country’s tech companies following Didi Global's listing in the United States, Reuters reported.

The Skadden team was led by partners Julie Gao and Paloma Wang.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

by Asian Legal Business《亚洲法律杂志》 |

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

Deals

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.

Deals

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.