Ant Financial’s Investment in ofo

Simpson Thacher represented Ant Financial Services Group in connection with its recent investment in ofo, a leading bike sharing company in China.

Upon its investment, Ant Financial will become a strategic partner for ofo and work together with ofo on Internet and credit card payments as well as on ofo’s international expansion plan.

The Simpson Thacher team includes Shaolin Luo (Picture), Yang Wang, Amy Liu and Jun Feng (Beijing – M&A).

Involved fees earner: Shaolin Luo – Simpson Thacher & Bartlett; Yang Wang – Simpson Thacher & Bartlett; Lupeng Amy Liu – Simpson Thacher & Bartlett; Jun Feng – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Ant Financial Services Group ;

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Author: Michael Patrini