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With over three decades in the region, Paul, Weiss has long been recognized as a leader and legal innovator among international law firms in Asia. Our Asia based partners have been consistently ranked in the top tier of practitioners in their areas of expertise.

Tencent Invests in Zhuan Zhuan

Paul, Weiss advised Chinese internet giant Tencent in the Series B financing round in Zhuan Zhuan, a China-based used-goods trading platform operated by 58.com, China’s largest online marketplace for classifieds. The round is valued at  approximately $300 million. 58.com will remain the majority shareholder of Zhuan Zhuan following the transaction. Paul, Weiss previously represented Tencent in the $200 million cash investment in Zhuan Zhuan in 2017.

The Paul, Weiss team included corporate partner Judie Ng Shortell.

September 12, 2019

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