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Lawyers

Xi Shi

Lawyers

Xi Shi

Counsel - Registered Foreign Lawyer
Corporate
Hong Kong

Advises corporate and private equity clients on a wide range of mergers and acquisitions matters. Named “Rising Star of the Year” at IFLR Asia-Pacific Awards.

Xi is a counsel in our Corporate practice, currently practicing as a Registered Foreign Lawyer in Hong Kong. He advises corporate and private equity clients on a wide range of M&A matters, including acquisitions, divestitures, buyouts, mergers, going-private transactions, PIPEs and venture and growth capital investments.

Recognized as a “Rising Star of the Year” at the IFLR Asia-Pacific awards in 2021, Xi has extensive experience advising on transactions in and out of Mainland China as well as other Asia-Pacific jurisdictions, including Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Vietnam.

Experience highlights

Xi’s recent representations include:

  • Tencent on various matters, including:
    • going-private transaction of 58.com
    • PIPE investment in Pinduoduo
    • convertible notes investment with Dragoneer in Farfetch
    • strategic investment in JD.com and renewal of their existing strategic cooperation agreement
    • Tencent and Tencent Music Entertainment’s investments in Spotify, and the cross-shareholding by Spotify in Tencent Music Entertainment
    • investments in Academia.edu, Jeeves, Kuaikan Comics, NorthOne, Tuhu Car, Wumei Technology and Ziroom
  • A leading Asia-based private equity firm on its investment in a blockchain infrastructure platform
  • A leading Asia-based private equity sponsor on the acquisition of a premium consumer business
  • EF Education First on the majority investment by Permira in EF Kids & Teens business
  • A global financial institution on the sale of its trustee and fund services business in Hong Kong to an international banking group
  • Naver Financial on its participation in TBCASoft’s Series B financing round as lead investor
  • China Resources on its investment in Oatly Group along with Verlinvest
  • Cornell Capital on its investment in Lorom
  • China Yongda Automobiles Services on its acquisition of Inchcape’s China retail business
  • GOJEK on:
    • investments by Facebook, PayPal, Google, Tencent and other investors focused on supporting GoPay
    • Series F funding round led by Google, JD.com and Tencent
  • Tencent Music Entertainment on multiple M&A and financing transactions over the years, including:
    • multiple equity financing rounds with financial and strategic investors (including Sony Music and Warner Music)
    • acquisitions of United Entertainment Corporation and Ultimate Music

His representations before joining Davis Polk include:

  • China Music Corporation’s issuance of a majority of shares to Tencent and rebranding to Tencent Music Entertainment
  • JD.com on the restructuring of control of JD Finance
  • Didi Kuaidi on its acquisition of Uber China
  • Advantech Capital and C-Bridge Capital as private equity sponsors in the proposed going-private transaction involving Sinovac Biotech
  • Buyer group led by BTG Hotels in the going-private transaction involving Homeinns Hotel and the subsequent cross-border share exchange
  • Buyer groups in the going-private transactions involving U.S.-listed companies E-Commerce China Dangdang, Country Style Cooking, and E-House (China)
  • Ctrip on its convertible notes investment in MakeMyTrip
View more experience

Insights

Credentials

Recognition

IFLR Asia-Pacific Awards – “International Firm: Rising Star of the Year,” 2021 

Education
J.D., Columbia Law School
  • Harlan Fiske Stone Scholar
  • James Kent Scholar
  • Articles Editor, Columbia Law Review
LL.B., Peking University
Professional history
  • Counsel - Registered Foreign Lawyer, 2020-present
  • Registered Foreign Lawyer, Davis Polk, 2017-2020
  • Skadden, Arps, Slate, Meagher & Flom, Hong Kong, 2014-2017
  • Sullivan & Cromwell, New York, 2013-2014
Qualifications and admissions
  • Hong Kong Law Society - Registered
  • State of New York
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