7 January, 2016
Orrick, Herrington & Sutcliffe represented Womai.com in connection with its US$220 million Series C financing from Tai Kang Asset Management, Baidu, Dragon Capital, IDG, COFCO Agricultural Industrial Equity Investment Fund and the PE arm of Sunshine Insurance.
Founded in 2009 by Chinese state-owned food conglomerate COFCO, Womai.com is a leading B2C food and beverage e-commerce platform based in Beijing.
The transaction was completed in December 2015. Upon completion of the financing, Womai.com will become the first “unicorn” in the food-e-commerce industry.
The Orrick team is led by Beijing-based Corporate partner Ning Zhang, along with Hong Kong-based Corporate trainee solicitor Oscar Lin and Shanghai-based Corporate consultant Siru Chen.
Ning Zhang also led in Womai.com’s US$150 million financing from IDG, SAIF Partners and COFCO Agricultural Industrial Equity Investment Fund in 2014 at his previous firm.
