GOME’s Partnership with JD.com

Sidley Austin LLP represented GOME Retails Holdings Limited in the operation.

GOME Retails Holdings Limited (HKEX: 493) announced the issuance of US$100 million of convertible bonds to be subscribed by Jingdong 360 and JD.com, Inc. (NASDAQ: JD).

The strategic cooperation between JD.com and Gome Retail is a further deepening of the cooperation between the two sides after Gome’s official flagship store launched on JD.com.

According to the agreement, leveraging both parties’ online and offline advantages over the years, the two sides will achieve more synergies and better supply chain integration, as well as resource sharing in logistics and installation services, and other business-related aspects such as financial services.

JD.com, Inc. also known as Jingdong and formerly called 360buy, is a Fortune Global 500 company. It is one of the top two B2C online retailers in China by transaction volume and revenue. GOME Electrical Appliances Holding Limited is one of the largest privately owned electrical appliance retailers in mainland China and Hong Kong.

The Sidley team is led by partner Raymond Oh (Picture), and supported by counsel Hon Auyeung and senior associate Selina Wong.

Involved fees earner: Hon Auyeung – Sidley Austin LLP; Raymond Oh – Sidley Austin LLP; Selina Wong – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: GOME Retail Holdings Limited ;

Author: Michael Patrini