Fangda and Simpson Thacher advise on Alibaba’s $11.3 billion secondary listing

Fangda Partners and Simpson Thacher & Bartlett have advised Chinese e-commerce giant Alibaba on its $11.3 billion secondary listing in Hong Kong, with Freshfields Bruckhaus Deringer and King & Wood Mallesons advising the joint sponsors and underwriters.

The proceeds from the global offering will be used for the implementation of Alibaba’s strategies of driving user growth and engagement, empowering businesses to facilitate digital transformation and improving operational efficiency, and continuing to innovate.

Simpson Thacher’s team was led by Hong Kong partners Chris Wong and Daniel Fertig, while the Fangda team was led by Beijing partner Jeffrey Ding and Shanghai partners Leo Lou and Doris Tang.