JD.com’s $100 Million Investment in Li & Fung

Kirkland & Ellis has advised Li & Fung on the deal.

Li & Fung, a leading global supply chain solutions partner headquartered in Hong Kong, announced a strategic investment of US$100 million from JD.com (“JD”), with newly issued capital (at HK$1.25 per share) to further develop its digital supply chain. The Fung Family will continue to retain control of the Company with 60% of the voting shares.

As China’s leading technology driven e-commerce company, JD is transforming to become the leading supply chain-based technology and service provider, which fits well with Li & Fung’s goal of creating the Supply Chain of the Future. JD has been developing proprietary supply chain technologies for many years and has created digital retail and supply chain platforms that are fully integrated to support its omni channel strategies.

Kirkland & Ellis has advised Li & Fung with a team led by transactional partners Nicholas Norris (Picture) and Joey Chau.

Involved fees earner: Joey Chau – Kirkland & Ellis; Nicholas Norris – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Li & Fung;

Author: Michael Patrini