Davis Polk is advising IDG Capital Partners (“IDG”) in connection with its investment in SouFun Holdings Limited (“SouFun”). IDG and SouFun’s management (mainly founder and CEO Vincent Mo) will invest a total amount between $200 million and $500 million to purchase SouFun’s newly issued Class A ordinary shares and convertible notes. SouFun has also entered into a similar subscription agreement with entities beneficially owned by Carlyle Group.

SouFun is listed on the NYSE and operates the leading real estate Internet portal in China in terms of the number of page views and visitors to its websites and mobile apps. It provides marketing, e-commerce, listing, finance and other value-added services for China’s real estate and home-related sectors.

The Davis Polk corporate team includes partners Howard Zhang and Li He, associate Jie Zhang and registered foreign lawyer Chengyao (Aaron) Zhou. The financing team includes partner Lawrence E. Wieman, counsel Margie Chan, associate Kitty Chan and registered foreign lawyer Ying Su. Counsel Alon Gurfinkel and associate Omer Harel are providing tax advice. Members of the Davis Polk team are based in the Beijing, Hong Kong and London offices.

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