Davis Polk advised Baidu Holdings Limited as the selling shareholder in an SEC-registered offering of 36,000,000 American depositary shares, each representing 0.125 ordinary shares of Ctrip.com International, Ltd. for a total net proceeds of approximately $988 million.
Baidu is the leading Chinese language internet search provider and aims to make a complex world simpler through technology. Ctrip.com International, Ltd. is a leading provider of online travel and related services, including accommodation reservation, transportation ticketing, packaged tours and in-destination services, corporate travel management and other travel-related services.
The Davis Polk corporate team included partners Howard Zhang (Picture) and Li He, counsel Ran Li and registered foreign lawyer Kevin Zhang.
Law Firms: Davis Polk & Wardwell;
Clients: Baidu Holdings Limited;