Xi Shi
  1. Registered Foreign Lawyer

Mr. Shi is an associate in Davis Polk’s Corporate Department, currently practicing as a Registered Foreign Lawyer in Hong Kong.  Mr. Shi’s practice focuses on advising corporate clients and private equity funds on M&A matters, including mergers, buyouts, joint ventures, going-private transactions, strategic investments and private equity transactions.  He also has experience advising on securities offerings and other corporate and financial matters.  Mr. Shi worked in the New York, Beijing and Hong Kong offices of two leading U.S.-based international law firms at various times prior to joining Davis Polk.

Work Highlights

M&A and Private Equity Transactions
  • Tencent on various matters, including:
    • Tencent’s strategic investment in JD.com and renewal of their existing strategic cooperation agreement
    • Tencent and Tencent Music Entertainment’s investments in Spotify, and the cross-shareholding by Spotify in Tencent Music Entertainment
  • GOJEK on its Series F funding round led by Google, JD.com and Tencent
  • Tencent Music Entertainment (and formerly China Music Corporation) on multiple M&A and financing transactions over the years, including:
    • multiple equity financing rounds with financial and strategic investors (including Sony Music Entertainment and Warner Music Group)
    • acquisitions of United Entertainment Corporation and Ultimate Music
    • China Music Corporation’s issuance of a majority of shares to Tencent and rebranding to Tencent Music Entertainment*
  • JD.com on the restructuring of control of JD Finance*
  • Didi Kuaidi on its acquisition of Uber China*
  • Advantech Capital and C-Bridge Capital as private equity sponsors in the proposed going-private transaction involving Sinovac Biotech*
  • Buyer group led by BTG Hotels Group in the going-private transaction involving Homeinns Hotel Group and the subsequent cross-border share exchange*
  • Buyer groups in the going-private transactions involving U.S.-listed companies E-Commerce China Dangdang, Country Style Cooking, and E-House (China) Holdings*
  • Ctrip on its convertible notes investment in MakeMyTrip*
Capital Markets
  • Tencent Music Entertainment on its $1.1 billion initial public offering of American depositary shares
  • Longfor Properties on its $800 million investment grade notes offering under Regulation S
  • LexinFintech Holdings on its $108 million initial public offering of American depositary shares*
  • Baidu on its SEC-registered $1.5 billion investment grade notes offering*
  • Ctrip on its SEC-registered follow-on offering of $1.3 billion American depositary shares, concurrent Regulation S/Rule 144A offering of $900 million convertible notes, and concurrent $150 million private placements of ordinary shares and convertible notes to Baidu and Priceline*
  • JD.com on its SEC-registered $1 billion investment grade notes offering*
  • The underwriters in the SEC-registered primary/secondary offering of $315 million common stock of China Biologic Products Holdings*
  • ING Groep N.V. on its sale of common stock in Voya Financial (formerly ING U.S.) in multiple SEC-registered secondary offerings and issuer share repurchase transactions*

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* Selected representations prior to joining Davis Polk

Professional History

  • Davis Polk since 2017
  • Sullivan & Cromwell, New York, 2013-2014

  • Skadden, Arps, Slate, Meagher & Flom, Hong Kong, 2014-2017

Bar Admissions

  • State of New York
  • Hong Kong Law Society - Registered

Education

  • LL.B., Peking University, 2010
  • J.D., Columbia Law School, 2013
    • Harlan Fiske Stone Scholar
    • James Kent Scholar
    • Articles Editor, Columbia Law Review

Languages

  • Mandarin