Simpson Thacher Represents Cainiao Smart Logistics Network Limited in Its First Round of External Financing
04.08.16
This is only gets display when printing
Simpson Thacher represented Cainiao Smart Logistics Network Limited (“Cainiao”) in connection with its first round of external equity financing through the issuance of new shares of common stock to certain existing investors and new investors including GIC, Temasek, Khazanah and Primavera and other institutional investors.
Cainiao is a joint venture company formed in 2013 among Alibaba and five major express delivery companies in China and operates a logistics information platform which provides real-time access to information for both buyers and sellers. As of March 2016, Cainiao’s logistics network spans 224 countries and geographic regions across the globe as well as 2,800 provincial regions in China and more than 70% of package deliveries in China are processed on Cainiao’s logistics information platform.
The Simpson Thacher team for the transaction included Katie Sudol, Wei Li and Erik Wang (M&A); and Tristan Brown and Linda Barrett (Executive Compensation and Employee Benefits).