Conyers Dill & Pearman was awarded the M&A Deal of the Year at the 15th annual Macallan ALB Hong Kong Law Awards, for our work on Alibaba Group’s acquisition of Youku Tudou.
“For more than 15 years in Asia, our Hong Kong office has acted in the majority of major offshore M&A deals”, said David Lamb, an M&A specialist & Co-Chairman of the Firm based in Hong Kong. “This award affirms our leading position in this sector and recognises the depth and range of our expertise in advising on these high-profile transactions. It is a testament to the hard work of our talented team.”
Youku, China’s YouTube equivalent, will deliver US films and drama series to over one third of China’s population. The acquisition will also give Alibaba access to over half a billion online video users, giving it a huge boost in its bid to dominate the Chinese digital media market.
It has been forecast that the PRC’s online video market will be worth RMB90 billion by 2018, up from 23.97 billion last year.
Conyers is the longest established offshore firm in Asia, marking its 30th anniversary in 2015 and one of the most respected international offshore law firms worldwide. The Firm continues to the lead the way in providing offshore legal and corporate services to many of the region’s largest companies and financial institutions.
The Macallan ALB Hong Kong Law Awards celebrate the achievements of Hong Kong’s leading law firms and in-house legal teams, as well as the top deals and dealmakers of 2016.