Davis Polk advised Tencent Holdings Limited as English and U.S. law counsel in connection with the update of its $10 billion global medium-term note program and the offering thereunder pursuant to Rule 144A and Regulation S of its $1 billion 2.985% senior notes due 2023, $500 million floating-rate notes due 2023, $2.5 billion 3.595% senior notes due 2028 and $1 billion 3.925% senior notes due 2038. 

Based in Shenzhen, Tencent is an integrated Internet services company in China, operating a broad range of Internet services including social communication services, online games, digital content, online advertising and other services.

The Davis Polk corporate team included partners James C. Lin and Paul Chow and counsel Faisal Baloch and Yang Chu. Counsel Alon Gurfinkel and associates Dominic Foulkes, Omer Harel and Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.