Yuting Wu

Yuting Wu’s main experience is in cross-border mergers, acquisitions and investments, and U.S. corporate finance and capital markets transactions.

Bio

Prior to joining Skadden in 2010, Mr. Wu practiced in the New York office of a major U.S. law firm since 2008, where he mainly focused on mergers and acquisitions, financial institutions and corporate finance matters.

Mr. Wu was named one of the top 15 Rising Lawyers in China 2017 by Asian Legal Business. Highlights from his experience include representing:

Mergers and Acquisitions

  • Bytedance Ltd. in its acquisition of Musical.ly and private equity financings;
  • China Three Gorges Corp. in its acquisition of a stake in Energias de Portugal S.A. for US$3.5 billion, the largest-ever Chinese investment in Europe;
  • Didi Chuxing in its:
    • acquisition of Uber China; and
    • strategic investment in 99 (formerly known as 99Taxis);
  • Trip.com Group Limited (formerly, Ctrip.com International, Ltd).:
    • as a member of the buyer consortium led by Ocean Management in their US$938 million going-private acquisition of eHi Car Services Limited;
    • in its share exchange transaction with Naspers Limited (South Africa) pursuant to which Naspers will exchange its stake in MakeMyTrip Limited (India) for newly issued shares in Trip.com;
    • in its strategic transaction with Expedia in connection with Expedia’s exit sale of its equity interest in eLong, Inc.;
    • as a member of the buyer consortium led by Tencent in the going-private transaction of eLong, Inc.;
    • in its share exchange transaction with Baidu, Inc. and its affiliate in connection with Baidu’s sale of its equity interest in Qunar Cayman Islands Ltd.;
    • as a member of the buyer consortium led by Ocean Management in the going-private transaction of Qunar Cayman Islands Ltd.;
    • in its £1.4 billion acquisition of U.K.-based Skyscanner Holdings Limited; and
    • in its several private placement investments and acquisitions in China and abroad;
  • Youku Tudou Inc. in its:
    • US$1.1 billion stock-for-stock merger and taking-private transaction with Tudou Holdings Ltd.;
    • US$1.2 billion PIPE issuance of shares to Alibaba Capital Partners and Yunfeng Capital; and
    • US$5.6 billion change of control cash transaction with Alibaba;
  • KE Holdings Inc. (also known as Beike) in its more than US$2.4 billion series D+ round private financing;
  • Dianping Holdings Ltd. in its strategic transaction with Meituan Corporation and the new company Internet Plus Holdings’ subsequent round of financing in the aggregate amount of US$3.1 billion;
  • ZTO Express (Cayman) Inc. in its US$1.4 billion PIPE issuance of shares to and strategic cooperation with investors led by Alibaba Group and Cainiao;
  • the special committee of the board of directors of Qihoo 360 Technology Co. Ltd. in its going-private transaction;
  • AdChina Ltd. and a group of existing shareholders in a trade sale of AdChina’s existing and newly issued shares to Alibaba Group; and the founder and minority shareholders in a subsequent buyout transaction of AdChina Ltd. in connection with their sale of all remaining equity interests to Alibaba Group;
  • 58.com Inc., China’s largest online marketplace serving local merchants and consumers, in its US$267 million acquisition of Anjuke Inc.;
  • a buyer consortium led by Carlyle Group in the US$810 million acquisition of a controlling stake in Cloudary Corp., a leader in the online literature business in China;
  • Carlyle Group in connection with the announced sale of its 40% equity interest in Jiangsu Sinorgchem Technology Co., Ltd., a leading rubber additive and antioxidants producer in China, to the overseas arm of Sinochem International;
  • Tencent Holdings Limited in its acquisition, together with other consortium members, of an aggregate of 51% interest in Jiuhao Health Industry Corporation Limited;
  • Blackstone Real Estate Partners in various China acquisitions;
  • The Hershey Company in its 100% acquisition of Golden Monkey, a leading Chinese confectionary company;
  • Stanley Black & Decker, Inc. in its acquisition of a 60% controlling stake in Jiangsu Guoqiang Tools Co., Ltd., one of China’s largest power tools manufacturers;
  • DJI, a leading drone maker based in China, in its strategic investment in a minority stake in Hasselblad, a leader in high-quality professional cameras; and
  • Bytedance, Dada, Didi Chuxing, Meituan Dianping, VSPN and other companies in their late-stage private equity financings.

Capital Markets

  • Xiaomi Corporation in its US$5.4 billion IPO and listing on the HKEx. This is the first-ever Hong Kong offering to adopt a dual-class share structure and the first to list under Hong Kong’s new regime for innovative technology companies;
  • KE Holdings Inc. (also known as Beike) in its:
    • US$2.4 billion IPO and listing of its American depositary shares (ADS) on the NYSE; and
    • US$2.05 billion follow-on equity offering of ADS;
  • Pinduoduo Inc. in its:
    • US$1.75 billion offering of 0.00% convertible senior notes due 2025, and its concurrent US$3.6 billion offering of ADS;
    • US$ 1.1 billion private placement of Class A ordinary shares to certain investors;
    • US$1 billion Rule 144A/Regulation S offering of zero coupon convertible senior notes due 2024; and
    • US$1.63 billion IPO and listing of ADS on Nasdaq and its US$1.2 billion follow-on equity offering;
  • Yatsen Holding Limited in its US$1.4 billion IPO and listing of ADS on the NYSE;
  • Bilibili Inc. in its:
    • US$2.6 billion secondary listing of Class Z ordinary shares on the HKEx;
    • US$700 million Rule 144A/Regulation S offering of 1.25% convertible senior notes due 2027;
    • US$500 million Rule 144A/Regulation S offering of 1.375% convertible senior notes due 2026, and concurrent US$373 million follow-on, combined primary/secondary offering of ADS on Nasdaq; and
    • IPO and listing of ADS on Nasdaq;
  • ZTO Express (Cayman) Inc. in its:
    • US$1.4 billion IPO and listing of ADS on the NYSE; and
    • US$1.25 billion secondary listing of Class A ordinary shares on the HKEx;
  • Dada Nexus Limited in its:
    • US$320 million IPO and listing of ADS on Nasdaq; and
    • US$450 million follow-on equity offering of ADS;
  • Waterdrop Inc. in its US$360 million IPO and listing of its ADS on the NYSE;
  • Trip.com Group Limited (formerly, Ctrip.com International, Ltd.), a Nasdaq-listed leading travel service provider in China, in its:
    • US$1 billion follow-on, secondary offering of ADS by its shareholder Baidu, Inc.; and
    • multiple rounds of Rule 144A and Regulation S private placement of convertible senior notes;
  • Vipshop Holdings Ltd. in its:
    • IPO and listing of ADS on the NYSE and its two rounds of follow-on public equity offerings; and
    • public offering of US$550 million aggregate principal amount of 1.5% convertible senior notes due 2019, and supplemental listing of ADS on the NYSE;
  • Weibo Corporation, a social media platform, in its Singapore Stock Exchange listings:
    • US$750 million offering of 3.375% notes due 2030; and
    • US$800 million offering of 3.5% notes due 2024;
  • NIO Inc. in its:
    • US$428 million follow-on equity offering of ADS;
    • US$1.7 billion follow-on equity offering of ADS;
    • US$2.65 billion follow-on equity offering of ADS; and
    • US$1.5 billion Rule 144A/Regulation S convertible senior notes due 2026 and 2027, respectively, and concurrent privately negotiated repurchase of a portion of convertible senior notes due 2024;
  • 111, Inc. in its IPO and listing of ADS on the NYSE;
  • OneSmart International Education Group Limited in its IPO and listing of ADS on the NYSE;
  • Youku Tudou Inc. in its IPO and listing of ADS on the NYSE and its follow-on public equity offering;
  • Momo Inc. in its IPO and listing on Nasdaq;
  • BlueCity Holdings Limited in its IPO and listing of ADS on Nasdaq;
  • Jupai Holdings Ltd. in its NYSE IPO and listing of ADS, and concurrent acquisition of the spun-off asset management business division of E-House (China) Holdings Ltd.;
  • JHBP (CY) Holdings Limited (also known as Genor Biopharma) in its US$371 million IPO and listing of ordinary shares on the HKEx;
  • I-Mab Biopharma Co., Ltd. in its:
    • US$104 million IPO and listing of ADS on Nasdaq; and
    • US$177 million secondary offering of its ADS;
  • China Petroleum & Chemical Corp. in its Rule 144A and Regulation S private placement of its four tranches of senior notes in the aggregate offering size of US$3.5 billion;
  • ShangPharma Corp. in its IPO and listing of ADS on the NYSE;
  • the underwriters in the US$320 million IPO and listing of ADS of Cloopen Group Holding Limited on the NYSE;
  • the underwriters in the US$45 million IPO and listing of ADS of Lizhi Inc. on Nasdaq; and
  • advising and assisting various U.S.-listed companies, including KE Holdings Inc.; Pinduoduo Inc.; Bilibili Inc.; NIO Inc.; Weibo Corporation; SINA Corporation; ZTO Express (Cayman) Inc.; Yatsen Holding Limited; Dada Nexus Limited; Trip.com Group Limited; Vipshop Holdings Limited; I-Mab Biopharma Co., Ltd.; Waterdrop Inc.; BlueCity Holdings Limited; and Jupai Holdings Ltd. in their ongoing regulatory compliance and in the preparation and filing of their annual reports as required under the Securities Exchange Act of 1934.

Credentials

Education

  • LL.M., University of Pennsylvania Law School, 2006
  • J.D., University of Pennsylvania Law School, 2008
  • LL.B., Peking University, 2004

Admissions

  • New York