Shanghai and Hong Kong – Paul Hastings, a leading global law firm, announced today that the firm advised SoftBank Vision Fund, one of the largest investment funds in the world that focuses on the global technology industry, in its approximately US$550 million investment in the US$1.5 billion Hong Kong initial public offering of ZhongAn Online Property and Casualty Insurance (“ZhongAn Insurance”), China’s first internet-only insurer.
SoftBank Vision Fund bought a minority stake in ZhongAn Insurance, acting as a key cornerstone investor. The IPO is the largest ever by a financial technology company in Hong Kong.
The Paul Hastings team was led by partners David Wang, Jia Yan, Nan Li and Bonnie Yung; of counsel Bonnie Kong; with support from associates Stancy Qian, Liming Xu and Andy Tam.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.