JD.com, Inc. $115 million investment in China Logistics Property Holdings Co., Ltd.

Orrick has advised JD.com, Inc. in the deal

JD.com, Inc. (JD) executed its $115 million strategic investment in China Logistics Property Holdings Co., Ltd. (CNLP), representing approximately 9.90% of the enlarged share capital of CNLP following the investment. In connection with this investment, JD has the right to nominate one non-executive director to be appointed to the board of directors of CNLP.

JD is a leading technology-driven e-commerce company and retail infrastructure service provider in China, and is listed on the NASDAQ (stock code: JD). JD is a member of the NASDAQ100 and a Fortune Global 500 company, and is one of CNLP’s largest clients. CNLP is a leading provider of premium logistics facilities in China, and is listed on the Hong Kong Stock Exchange (stock code: 1589.HK). As of December 31, 2017, CNLP operated a portfolio of 130 logistics facilities with an aggregate area of 3.1 million square meters, located in 27 logistics parks in 14 provinces or municipalities across China.

The Orrick team advising on this transaction was led by Shanghai-based corporate partner Jie (Jeffrey) Sun (Picture) and Hong Kong-based M&A and private equity partner Mark Lehmkuhler.

Involved fees earner: Jie Jeffrey Sun – Orrick; Mark Lehmkuhler – Orrick;

Law Firms: Orrick;

Clients: JD.com Inc.;

Author: Michael Patrini