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  • Tianshun LIU

    Equity Partner / Shanghai

  • Tel +86-21-6061-3666

    Email liutianshun@zhonglun.com

  • Practices

    Private Equity & Investment Funds, Cross-border Investment/M&A, Hong Kong & Overseas Capital Markets

  • Industries

    Telecommunications & Internet, Information & Intelligence Technology, Media-Sports & Entertainment

CV

Tianshun LIU

Mr. Liu works extensively in the area of private equity and venture capital, merger and acquisition, overseas listing and offshore bond. He regularly advises major private equity and venture capital funds, such as National Social Security Fund, SoftBank, SIG, Sequoia, Goldman Sachs, L Catterton, Vertex, Ascendent Capital, FountainVest, Baring Asia, De Shaw Group, Picus Capital, Chaos Group, etc. for their investments in the industries of telecommunications and media, AI and advanced manufacturing, pharmaceutical chemicals, retails etc. His practice also focuses on offshore capital markets, including overseas listing, such as the listing of Tongcheng-Elong on SEHK, the listing of JD.com, Inc. on NASDAQ, the listing of Xunlei Limited on NASDAQ, the listing of China First Chemical Holdings Limited on SEHK, the listing of Secoo Holding Limited on NASDAQ, the listing of Ozner Water International Holding Limited on SEHK, privatization, such as the going-private transaction of Zhaopin Limited, and JD’s public offering of notes in Singapore. Mr. Liu also represents many notable companies and investors in connection with the M&A and corporate restructurings in exhibition, education, healthcare, retail, TMT sectors etc.

With his professional knowledge of the legal systems of China and the United States, skilled communication, extensive practical experience and keen market insight, Mr. Liu is particularly strong in understanding the client's core business needs, assisting the client to design practically achievable structure and ultimately facilitating the deal in a complex and variable business and regulatory environment.

Representative Matters

Capital Market

  • Represented JD.com for its strategic cooperation with Tencent Holdings, and its IPO and second offering on NASDAQ and notes offering (BofA Merrill Lynch and UBS)

  • Represented Tongcheng Network for the merger with E-Dragon and its IPO on SEHK (Morgan Stanley, J.P. Morgan and CMBI)

  • Represented Xunlei Limited for its three rounds of pre-IPO financing from Murdoch, Primavera and Xiaomi/Kingsoft respectively, for its IPO on NASDAQ (JP Morgan and Citi) and subsequent spin-off of Xunlei Kankan

  • Represented Goldman Sachs and Standard Charted for the IPO of Ozner Water on SEHK

  • Represented China First Chemicals for its IPO on SEHK (Morgan Stanley)

  • Represented Jefferies and BNP Paribas (as the joint bookrunners) for the IPO of Secoo Holding Limited (NASDAQ)

  • Represented the Special Committee in connection with Zhaopin Limited’s going-private transaction from the New York Stock Exchange


Private Equity

  • Represented National Council for Social Security Fund for its investments in Ant Financial Group etc.

  • Represented SoftBank Vision Fund for its investments in WeWork (listed on NYSE), Sense Time (listed on SEHK), Cloudminds, Guazi, Klook, etc.

  • Represented Khazanah Nasional Berhad for its investments in a hospital project

  • Represented Jiangxiaobai’s restructuring and C Round financing (led by China Renaissance) and subsequent financing of Jiangji Distillery (Hillhouse and Jiangjin District Government)

  • Represented Nucarf for its red-chip restructuring, its strategic acquisition of Baoduitong, and Series A financing

  • Represented Vlinker for its financing from Warburg Pincus’s affiliate


Merger and Acquisition

  • Represented Advent and Cinven’s joint acquisition of elevator technology business from Thyssenkrupp

  • Represented BC European Capital’ sale of CeramTec

  • Represented Vitruvian’s led acquisition of Fotona Holdings

  • Represented CMC Capital for its acquisition of Star TV

  • Represented KKR’s sale of PCPL to Wuhan Zhongke Xinwei 

  • Represented Tarsus Group for its acquisition of interest in trade fairs, including AAITF, Intex, Huaxia Home Textile, SIUF, ICEC, Hope and ZXC, etc.


Honors and Awards

For Individual

Named by CLECSS as “Top Ten Young Lawyers” in 2019

Named by Legal 500 as “Specifically Recommended Lawyers” in 2020;

Endorsed by Asia Legal Business as “ALB China Top 15 Rising Lawyers” in 2022.

Awarded by China Business Law Journal as “Rising Star” in 2023

Awarded by LexisNexis as “Elite under Forty” in 2023

For Deal

China Deal of the Year, China Business Law Journal, 2014, ”JD IPO and JD’s strategic cooperation with Tencent"

ALB 2015China M&A Deal of the Year, Asia Legal Business, 2015, “JD’s Acquisition of Tencent’s e-commerce Business”

China Deal of the Year, China Business Law Journal, 2018, “Sense Time’s series C/C+ Financing"

China Deal of the Year, China Business Law Journal, 2020, “Guazi’s series D Financing"

Memberships & Affiliations

Standing Committee Member, The 3rd Pudong New Area Lawyers' Youth Federation

Related

  • Bar Admissions/Professional Qualifications

    New York State Bar, 2010
    PRC Bar, 2012

  • Education

    LL.M., University of Southern California Gould School of Law
    LL.B., Nanjing University Law School

  • Professional Experience

    Equity Partner, Zhong Lun Law Firm, 2018 to present
    Associate, Zhong Lun Law Firm, 2009-2017

  • Languages

    Chinese
    English