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, sales, 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

  • Tencent on various matters, including:
    • going-private transaction of 58.com
    • PIPE investment in Pinduoduo
    • convertible notes investment with Dragoneer in Farfetch
    • 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
    • pre-IPO equity investments in Tuhu Car, Kuaikan Comics and Ziroom
  • EF Education First on the proposed majority investment by Permira in EF Kids & Teens business
  • Cornell Capital on its investment in Lorom Holding
  • China Yongda Automobiles Services Holdings on its acquisition of Inchcape’s China retail business
  • GOJEK on:
    • investments by Facebook, PayPal, Google, Tencent and other investors focused on supporting GoPay
    • 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*

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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