Vipshop Case

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Paul Weiss, Skadden, Latham on Tencent and JD.com’s $863 mln investment in Vipshop Paul, Weiss, Rifkind, Wharton & Garrison (Paul, Weiss) and Skadden, Arps, Slate, Meagher & Flom (Skadden Arps) represented Chinese technology giants Tencent and JD.com Inc, respectively, on their $863 million investment in apparel platform Vipshop, which turned to Latham & Watkins for advice. Tencent will invest $604 million for a 7 percent stake, while JD.com Inc, which already owns about 2.5 percent in Vipshop, will invest $259 million to increase its stake to 5.5 percent, the firms said. The deal extends a recent push by Tencent into Alibaba’s home turf of retail, where the firm hopes to leverage its messaging service WeChat, which has nearly a billion

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