E-House Completes Alibaba Investment and Leju Acquisition

Skadden represented E-House China Holdings Limited in its issuance of new shares and a convertible note to Alibaba Group Holding Limited for an aggregate consideration of approximately $240 million. The firm also advised E-House on a business cooperation agreement with Alibaba Group and in its acquisition of a majority interest in Leju Holdings Limited from Sina.com, Mr. Zhou Xin and their affiliated entities at a valuation of $520 million.