Cainiao Network, a big data logistics network company affiliated with Alibaba Group, recently announced completion of its first-round fundraising of over 10 billion yuan, attracting high-profile investors including Primavera Capital, GIC, Temasek and Khazanah Nasional. 

As one of the three most important business segments of Alibaba Group including Taobao and Ant Financial, Cainiao’s financing will significantly contribute to the construction of Alibaba’s logistics system.

Global Law Office acted as the PRC legal counsel to Primavera Capital in this transaction and provided a full range of legal services including conducting legal due diligence and negotiating the transaction documents. Global’s team was led by our partners, Mr. Jinrong Liu and Ms. Shifang Guo, with support from our associates Lei Chen and Bing Li.