Conyers Dill & Pearman provided Cayman Islands legal advice to Zhuan Spirit Holdings Limited (“Zhuan”), a wholly owned subsidiary of 58.com Inc., in connection with its issue of US$200 million series A convertible preferred shares to Tencent Mobility Limited.
58.com Inc. (NYSE: WUBA) operates China’s largest online marketplace serving local merchants and consumers by enabling them to connect, share information and conduct business.
Partner Anna Chong of Conyers’ Hong Kong office advised on the matter working alongside Skadden, Arps, Slate, Meagher & Flom.
