DEALS

Zhong Lun Advises on NetEase’s Secondary Listing in Hong Kong

Release time：2020-06-11 Voice Announcements

On June 11, 2020, NetEase, Inc. (9999.HK, Nasdaq: NTES) announced its offering and secondary listing on the Main Board of The Stock Exchange of Hong Kong Limited, and became the second overseas issuer that completed the secondary listing in Hong Kong. The net proceeds from this offering were approximately HK$21 billion prior to the exercise of the over-allotment option. CICC, Credit Suisse and J.P. Morgan acted as the joint sponsors for the offering.

NetEase started as a key Chinese internet portal in the late 1990s, and has been listed on the Nasdaq since June 2000. Now it has a successful online game business and is the second largest mobile game company in the world. NetEase has also incubated and developed in-house Youdao (NYSE: DAO), a leading intelligent learning platform in China, and a pipeline of other innovative and thriving businesses, ranging from music streaming (NetEase Cloud Music) and private label e-commerce (NetEase Yanxuan) to internet media, email services and others.

Zhong Lun Law Firm acted as the PRC legal advisor to NetEase in this offering. The legal team from Zhong Lun was led by Anthony Zhao, William Jia, and John Shen, and included Cynthia Yuan, Jason Zhan, etc. The expeditious process of this secondary listing truly reflects NetEase’s “Believing in the Power of Passion".

Previous：Zhong Lun represents OCBC Bank on the onshore-offshore linked financing for InfraRed NF’s acquisition of Shanghai Jindu Tower Next：Zhong Lun Law Firm Advised Everest Medicines on its Series C Financing of US$310 Million

Print articles from Zhong Lun

Insights >

Publiciations >

Monthly Highlights >

Articles

Deals

Zhong Lun Assists Several International Non-Profit Organizations in Building Personal Information Compliance Systems and Completing Standard Contract Filings

Zhong Lun Advises Black Sesame on Chapter 18C IPO on HKEX

Events

Awards

Zhong Lun Advises on NetEase’s Secondary Listing in Hong Kong