Lawfuel.com – Beijing, January 7, 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.
Orrick is a leading global law firm focused on counseling companies in the energy and infrastructure, financial services and technology sectors. The firm has offices across key markets in the United States, Europe and Asia. Financial Times consistently recognizes Orrick among the 10 most innovative firms in North America. Law360 named Orrick among the “Practice Groups of the Year” in Technology, Intellectual Property, Projects and Employment for 2015. Recognizing Orrick’s strong culture of client service excellence, mentoring, inclusion and community responsibility, The American Lawyer recently named the firm to its 10-Year A-List.