Sidley represented GOME Retail Holdings Limited (GOME) (HKEX: 493) in its issuance of US$200 million of convertible bonds to be subscribed by Pinduoduo Inc. (NASDAQ: PDD)
Pinduoduo is an innovative and fast-growing technology platform and one of the leading Chinese e-commerce companies. GOME Electrical Appliances Holding Limited is one of the largest privately owned electrical appliance retailers in mainland China and Hong Kong. The strategic partnership will bring retail convenience and value-for-money products to more than 500 million users.
The Sidley team is led by partners Constance Choy and Raymond Oh, supported by counsel Hon Auyeung, senior associate Selina Wong, senior associate Amy Fok and associate Ammo Chan.