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Simpson Thacher Wins “M&A Deal of the Year” at ALB China Law Awards 2019

04.25.19

The Firm won “M&A Deal of the Year: Premium” at the Asian Legal Business China Law Awards 2019, for its representation of Alibaba Group Holding Limited (“Alibaba”) in its acquisition of Chinese online delivery platform Ele.me. The transaction implied an enterprise value of $9.5 billion for Ele.me. The Firm also represented Alibaba and Ant Financial Services Group in their initial $1.25 billion investment in Ele.me in 2016.