We advised Meituan on the transaction

Davis Polk advised Meituan in connection with its multiple-tranche, dual-currency senior notes offerings, composed of CNY2.08 billion of 2.55% senior notes due 2030 and CNY5 billion of 3.10% senior notes due 2035, in reliance on Regulation S, as well as $600 million of 4.500% senior notes due 2031, $600 million of 4.750% senior notes due 2032 and $800 million of 5.125% senior notes due 2035, in reliance on Rule 144A / Regulation S.

Meituan, whose shares are listed on the Hong Kong Stock Exchange, is China’s leading platform in local commerce, as well as China’s leading on-demand delivery service provider. Its one-stop platform in local commerce offers a full spectrum of local commerce categories, addressing many aspects of consumers’ daily lives through multiple fulfillment solutions. It offers an extensive matrix of goods and services through the Meituan app and an array of other specialized apps, bringing quality offerings, convenience and accessibility to consumers.

The Davis Polk corporate team included partners Li He and James C. Lin, counsel Bingqing Pan, associate Moran Zhang and registered foreign lawyer Sean Su. Associate Kelli A. Rivers provided tax advice. Counsel Matthew R. Silver and associate Felipe Munoz provided Investment Company Act advice. Members of the Davis Polk team are based in the Hong Kong, New York and London offices.

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