Simpson Thacher & Bartlett and Sullivan & Cromwell are leading on ecommerce giant Alibaba Holdings Ltd.’s $4.6 billion investment in Chinese retailer Suning Commerce Group Ltd.
In a deal announced on Monday, Hangzhou-based Alibaba said it was buying a 19.9 percent stake in electronics store chain Suning. Meanwhile, Nanjing-based Suning will also buy $2.3 billion worth of Alibaba shares and hold a 1.1 percent stake in the New York Stock Exchange-listed company.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
