We advised Lianlian DigiTech on its IPO and HKEX listing

Davis Polk advised LianLian DigiTech Co., Ltd. in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A / Regulation S. The gross proceeds from the offering amounted to approximately HK$657.15 million.

LianLian is a digital payment solution provider from China with a global payment capability to serve customers around the world. As of December 31, 2023, LianLian had a global license layout of 64 payment licenses and relevant qualifications. LianLian is able to serve customers to conduct their trading activities on global and regional e-commerce platforms that encompass over 100 countries and regions and support transactions in over 130 currencies. LianLian’s joint venture with American Express, namely LianTong, in 2020 became the first Sino-foreign joint venture bankcard clearing institution established in China. 

The Davis Polk corporate team included partners Li He, Jason Xu and Ran Li, counsel Jennifer Ng and registered foreign lawyer Haiyang Zhao. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Counsel Sarah E. Kim and Leon E. Salkin provided advice regarding the Investment Company Act of 1940. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and New York offices.

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