Hogan Lovells and Skadden lead on Saudi investment in China retailer
Hogan Lovells and Skadden Arps Slate Meagher & Flom have scored lead roles on Kingdom Holding Company's $125m (£89m) investment in Beijing retailer 360Buy Jingdong. The Riyadh based company, which is controlled by Saudi Arabian billionaire and the world's 14th richest man Prince Alwaleed bin Talal, led a consortium of investors in a Series F round of funding, raising a total of $400m (£262m) for the China business.
Hogan Lovells and Skadden Arps Slate Meagher & Flom have scored lead roles on Kingdom Holding Company’s $125m (£89m) investment in Beijing retailer 360Buy Jingdong.
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