Haiping Li is the leader of Skadden’s Shanghai office. She focuses on corporate finance transactions, cross-border mergers, acquisitions, investments and other general corporate matters.

Bio

Ms. Li has extensive experience advising China’s new economy companies on U.S. and Hong Kong IPOs; representing companies and clients to obtain private equity financing and M&A from financial and strategic investors prior to, in connection with and after their IPOs; and advising investors on investments in companies in various industries around the world.

Ms. Li was named to Chambers Global 2020 and Chambers Asia Pacific 2020. She was recognized for her work in China Capital Markets list by Best Lawyers 2020, the publication’s first-ever China edition. She also was named one of the Top 15 Female Lawyers in China in 2019 by Asian Legal Business and as one of China’s Rising Lawyers in 2015 by the same publication.

Her recent experience representing companies in U.S. and Hong Kong IPOs and other capital market transactions includes:

Internet: 111, Inc.; 58.com Inc.; AirMedia Group Inc.; Autohome, Inc.; Baidu, Inc.; Bilibili Inc.; Bitauto Holdings Limited; China Literature Limited; Cootek Inc.; Trip.com Group Ltd. (Ctrip.com International Ltd.); Dangdang Inc.; Huize Holding Ltd.; iQiyi, Inc.; JD.com, Inc.; Jumei International Holding Limited; Huya Inc.; LAIX Inc.; LexinFintech Holdings Ltd.; MOGU Inc.; Molecular Data; Momo Inc.; NetEase Inc.; FinVolution Group (PPDai Group Inc.); RDA Microelectronics Inc.; Sina Corporation; Tuniu Corporation; VCREDIT Holdings Limited; Vipshop Holdings Limited; Weibo Corporation; Xiaomi Corporation; Xunlei Limited; Yixin Capital Limited; Yahoo! Inc.; Youku Tudou Inc.; YY Inc.; ZhongAn Online P&C Insurance Co., Ltd.; China Mass Media Corp. and VisionChina Media Inc. (both representing the underwriters).

Consumer, Health Care, Fintech and Other Services: Xiaomi Corporation; 111, Inc.; 360 Finance, Inc.; 9F Inc.; China Renaissance Holdings Limited; Trip.com Group Ltd. (Ctrip. com International Ltd.); Dangdang Inc.; E-House Enterprise Holdings Limited; Huize Holding Ltd.; Noah Holdings Ltd.; I-Mab; JD.com, Inc.; Jumei International Holding Limited; LexinFintech Holdings Ltd.; MOGU Inc.; FinVolution Group (PPDai Group Inc.); Secoo Holdings Limited; Tongjitang Chinese Medicines Co.; Tuniu Corporation; VCREDIT Holdings Limited; Viomi Technology Co., Ltd; Vipshop Holdings Limited; Yixin Capital Limited; ZhongAn Online P&C Insurance Co., Ltd. and ZTO Express Inc.

Education: LAIX Inc.; Koolearn Technology Holding Ltd.; New Oriental Education and Technology Group; TAL Education Group; and China Distance Education Holdings Limited (representing the underwriters).

Renewable Energy: Daqo New Energy Corp.; Nio Inc. and China Hydroelectric Corporation (representing the underwriters).

Ms. Li’s recent M&A and private equity experience includes:

Company representations:

  • Ctrip.com International Ltd. (Nasdaq) in its:
    • share exchange transaction with Naspers Limited in MakeMyTrip Limited;
    • US$937 million going-private transaction, together with OceanLinks as buyer consortium members, of eHi Car Services Ltd;
    • merger of eLong and Tongcheng Network, two of its invested companies;
    • US$1.7 billion acquisition of Skyscanner, a Scotland-based flight-search company, one of the largest travel technology acquisitions in Europe to date;
    • acquisition of a strategic stake in Qunar Cayman Islands Limited (Nasdaq) from Baidu, Inc. (Nasdaq), and its business cooperation with Baidu;
    • partnership with The Priceline Group Inc. (Nasdaq), the world’s largest online travel service provider, and The Priceline Group’s over US$1.2 billion investment in Ctrip.com through convertible bonds;
    • acquisition of a strategic stake in eLong, Inc. (Nasdaq) from Expedia, Inc. (Nasdaq) and other selling shareholders, and its business cooperation with Expedia;
    • investment in MakeMyTrip (Nasdaq), India’s leading online travel company, through convertible bonds;
    • strategic investment in Travelfusion, a U.K.-based leading online low-cost carrier travel content aggregator and innovator of Direct Connect global distribution solutions; and
    • various investments in travel service-related businesses in China, the U.S., the U.K. and India;
  • Bilibili Inc. in a US$318 million equity investment by Tencent Holdings Limited;
  • Baidu, Inc. in its US$1.9 billion sale of a majority stake in its financial services business to a consortium led by TPG Capital and The Carlyle Group;
  • ZTO Express (Cayman) Inc. in its US$1.4 billion sale of a minority stake to a consortium led by Alibaba Group and Cainiao Network;
  • 58.com Inc. (NYSE) in its:
    • acquisition of a strategic stake in Ganji.com, a major online local services marketplace platform in China;
    • strategic partnership with Tencent Holdings Limited (HKEX), and Tencent’s investment in 58.com Inc.;
    • spin-off of 58Home, which operates 58.com’s home services, and subsequent financing from Alibaba Group and KKR;
    • acquisition of Anjuke, a major online real estate listing platform in China, to create China’s largest online secondary real estate platform; and
    • spin-off of Guazi.com Inc., which operates 58.com’s consumer-to-consumer used car trading platform;
  • ByteDance Ltd. in its multibillion-dollar fund raising;
  • Dianping Holdings Limited , China’s leading online-to-offline local services platform, in its multibillion-dollar issuance and sale of preferred shares to investors, including Xiaomi and Tencent;
  • Dianping in its business combination with Meituan and Internet Plus, as well as the combined company in its multibillion-dollar issuance and sale of preferred shares to investors;
  • Didi Taxi in its strategic merger with Kuaidi Taxi;
  • Didi Chuxing in its acquisition of UberChina from Uber Technologies Inc. This transaction was named one of China Business Law Journal’s 2016 Deals of the Year;
  • DJI , an aerial technology company, in its corporate partnership with Hasselblad Group, the leader in high-quality professional cameras;
  • Kingsoft (HKEX) and Xiaomi in their investments in 21Vianet (Nasdaq), a leading carrier-neutral internet data center services provider in China;
  • Bitauto Holdings Limited (NYSE) in its US$1.55 billion investments from and strategic partnership with JD.com (Nasdaq) and Tencent; its strategic transaction with AutoTrader; and spin-off of Yixin Capital. The spin-off was named one of China Business Law Journal’s Deals of the Year and one of Asian-MENA Counsel magazine’s Deals of the Year for 2015;
  • Meilishuo in its acquisition by Mogujie;
  • JD.com, Inc. in the spin-off of its majority stake in its finance business, JD Finance; and
  • Youku Tudou Inc. (NYSE: formerly known as Youku Inc.) in $5.6 billion change of control all-cash transaction with Alibaba; and its US$1.1 billion acquisition through a merger and taking-private transaction of Tudou Holdings Limited (Nasdaq).

Ms. Li is a native speaker of Mandarin and Shanghainese, and is fluent in English.

Credentials

Education

  • LL.M. in Corporate Law, New York University School of Law, 2004
  • LL.B., Shanghai International Studies University School of Law, 2000

Admissions

  • Hong Kong
  • New York

Languages

  • Mandarin Chinese
  • Shanghainese
  • English