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Orrick Advises on Womai.com’s US$220 Million Series C Financing

08 Jan 2016

Orrick represented Womai.com in connection with its $220 million Series C financing from Tai Kang Asset Management, Baidu, Dragon Capital, IDG, COFCO Agricultural Industrial Equity Investment Fund and the PE arm of Sunshine Insurance.

Founded in 2009 by Chinese state-owned food conglomerate COFCO, Womai.com is a leading B2C food and beverage e-commerce platform based in Beijing.

The transaction was completed in December 2015. Upon completion of the financing, Womai.com will become the first “unicorn” in the food-e-commerce industry.

The Orrick team is led by Beijing corporate partner Ning Zhang, along with Hong Kong corporate trainee solicitor Oscar Lin and Shanghai corporate consultant Siru Chen.

Ning Zhang also led Womai.com’s $150 million financing from IDG, SAIF Partners and COFCO Agricultural Industrial Equity Investment Fund in 2014 at his previous firm.

Matter Type
Fund/Investment Management
Industry
Food & Beverage
News Category
M&A