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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

    Telecom & Information, Intelligence Technology & Application, Media, Sports & Entertainment

CV

Tianshun LIU

Mr. Liu works extensively in private equity and venture capital, merger and acquisition, overseas listing, and offshore bond issuances. He regularly advises major private equity and venture capital funds—including the 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 listings. Notable mandates in this regard include the listing of Tongcheng-Elong, China First Chemical Holdings Limited, and Ozner Water International Holding Limited on the SEHK, as well as JD.com, Inc., Xunlei Limited, and Secoo Holding Limited on NASDAQ. His practice also covers take-private transactions, including the that of Zhaopin Limited, as well as debt offerings, such as JD's public offering of notes in Singapore. Additionally, in M&A and corporate restructurings, Mr. Liu represents many prominent companies and investors across the exhibition, education, healthcare, retail, and TMT sectors, among others.

Equipped with profound expertise in the legal frameworks of both China and the United States, strong communication skills, extensive hands-on experience, and keen market insight, Mr. Liu is particularly strong in understanding his clients’ core business needs. He excels at assisting clients in designing practical, commercially viable structures, and ultimately facilitating the deals in a complex and dynamic business and regulatory environments.

Representative Matters

Capital Markets

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

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

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

  • Represented Goldman Sachs and Standard Chartered in the IPO of Ozner Water on the SEHK

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

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

  • Represented the Special Committee in connection with Zhaopin Limited's delisting from the New York Stock Exchange


Private Equity

  • Represented the National Council for Social Security Fund in its investments in Ant Financial Group and other entities

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

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

  • Represented Jiangxiaobai in its restructuring and Series C financing (led by China Renaissance) and the subsequent financing of Jiangji Distillery (Hillhouse and Jiangjin District Government)

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

  • Represented Vlinker in its financing from Warburg Pincus's affiliate


Mergers and Acquisitions

  • Represented Advent and Cinven in their joint acquisition of elevator technology business from Thyssenkrupp

  • Represented BC European Capital in its sale of CeramTec

  • Represented Vitruvian as the lead investor in the acquisition of Fotona Holdings

  • Represented CMC Capital in its acquisition of Star TV

  • Represented KKR in its sale of PCPL to Wuhan Zhongke Xinwei 

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


Honors and Awards

For Individual

Top Ten Young Lawyers, CLECSS, 2019

Specifically Recommended Lawyers, Legal500, 2020

ALB China Top 15 Rising Lawyers, Asia Legal Business, 2022

Rising Star, China Business Law Journal, 2023

Elite under Forty, LexisNexis, 2023

For Deal

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

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

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

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

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