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Lijun (Annie) Yan


Extensive experience representing companies and investment funds in a variety of M&A and private equity transactions.

Annie has extensive experience representing companies and investment funds in a variety of M&A and private equity transactions, including pre-IPO financings, buyouts, joint ventures, PIPEs, going-private transactions and strategic investments. She also advises clients on cross-border securities and general corporate matters. 

Legal 500 Asia Pacific recognized Annie as a Next Generation Partner in corporate and M&A work and in private equity among foreign firms in China. Asian Legal Business named her among the “ALB China Top 15 Female Lawyers” for 2023. And China Business Law Journal recognized her in “The A-List: Growth Drivers (International)” for 2023-2024.

Experience highlights

Mergers & Acquisitions and Private Equity
  • UP Fintech on its $65 million convertible notes private placement
  • The buyer group on its going-private transaction of China Distance Education
  • Megvii Technology on its pre-IPO financing
  • Vanke Services on the formation of a joint venture with Cushman & Wakefield
  • Tongcheng on its combination with E-dragon
  • China Vanke on its participation in the $11.6 billion acquisition of Global Logistics Properties
  • China Lodging Group on its $531 million acquisition of Crystal Orange Hotel
  • iQiyi on its $1.53 billion convertible notes financing
  • Kong Zhong going-private transaction
  • IDG Capital, together with China Oceanwide, on its acquisition of International Data Group
  • Tencent on its acquisition of a majority of shares of China Music Corporation and the combination of QQ Music and China Music Corporation
  • IDG Capital on its investment in DMALL
  • UCAR Technology on its $550 million Series B equity financing
  • Temasek on its $100 million minority investment in 21Vianet
  • iQiyi on its issuance of $400 million Series F preferred shares to Baidu and Xiaomi
  • Shanda Investment on the sale of shares in Cloudary Corporation to a buyer consortium
  • Warburg Pincus on its strategic partnership with Baosteel Gases
  • Tencent on its strategic partnership with and investment in
  • Shanda Games reorganization and business separation from Shanda Interactive
  • Cloudary Corporation on its $110 million private placement to Goldman Sachs and Temasek
  • CNOOC on its acquisition of Nexen
  • Baidu on its acquisition of an Internet company
  • CITIC Private Equity on its acquisition of a minority interest in a digital security company
  • iKang on its issuance of $100 million Series F preferred shares to Goldman Sachs and Government of Singapore Investment Corporation
  • iSoftStone going-private transaction
  • Temasek on its investment in
  • Warburg Pincus on its acquisition of an insurance agency company
  • Warburg Pincus, IDG Ventures, Qiming Venture Partners and Shanda Capital in various private equity investments
Capital Markets
  • Tongcheng-Elong $180 million Hong Kong IPO and global offering
  • Puxin $140.8 million initial public offering and NYSE listing
  • CNOOC:
    • $3.8 billion SEC-registered debt offering (in 2015)
    • $4 billion SEC-registered debt offering (in 2013)
    • $2 billion global debt offering (in 2012)
View more experience


China Antitrust Review 2022



Asian Legal Business – “ALB China Top 15 Female Lawyers,” 2023

China Business Law Journal – “The A-List: Growth Drivers (International),” 2023-2024 

Legal 500 Asia Pacific – Corporate and M&A: Foreign Firms, China, Next Generation Partner

Legal 500 Asia Pacific – Private Equity: Foreign Firms, China, Next Generation Partner


LL.M., University of Michigan Law School
LL.M., University of International Business and Economics
LL.B., International Business Law, Shanghai University of Finance and Economics

Professional history

  • Davis Polk since 2011
  • O’Melveny & Meyers, 2007-2010

Qualifications and admissions

  • Beijing Ministry of Justice - Registered
  • State of New York
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