UBOX ranked first in terms of gross merchandise value and network scale in the unmanned retail industry, primarily consisting of vending machines, unmanned stores, and unmanned shelves in mainland China. For over a decade since its founding, UBOX has endeavored to cultivate the unmanned retail industry in mainland China, developed digitalization and operation capabilities, and established an extensive point-of-sale (POS) network covering a wide range of consumption scenarios that include schools, factories, office premises, public venues, transportation hubs, and restaurants. UBOX counts Ant Group as an existing substantial shareholder, and the IPO attracted notable cornerstone investors including Nayuki and SenseTime, among others.
The Sidley team was led by led by partner Sherlyn Lau, member of Sidley’s Executive Committee and deputy head of China Corporate & Finance Group, and partners Oliver Zhong, and Claudia Yu. Other team members included senior managing associate Jacob Zhao, senior associates Kevin Chan and Patrick Leung, legal manager Zoe Yang, associate Linfei Li, senior corporate manager Hannah Wong, senior legal assistants Kristine Zhang and Sancy Chen, and legal assistant Andy Tam.
Sidley is one of the international law firms which represented the largest number of Chinese companies in Hong Kong IPOs. It has been ranked by Chambers Greater China Region/Asia Pacific for equity capital markets for more than a decade and has received a number of independent recognitions from publications such as Financial Times APAC Innovative Lawyers, China Business Law Journal, The Asset, and Legal 500 APAC. Sidley is highly recognized in innovative and trendsetting IPOs and has completed a number of high-profile transactions in recent years.