Slaughter and May advised Alibaba on its cornerstone investment in E-House

Slaughter and May, Hong Kong, advised Alibaba Group Holding Limited (Alibaba) on its cornerstone investment, through its indirect wholly-owned subsidiary Taobao China Holding Limited (Taobao), in the initial public offering and listing on the Main Board of the Hong Kong Stock Exchange of E-House (China) Enterprise Holdings Limited (E-House). Listing and trading on the Hong Kong Stock Exchange commenced on 20 July 2018.

Taobao is a company incorporated in Hong Kong with limited liability and is the holding company of certain subsidiaries relating to Taobao Marketplace. Alibaba is a company incorporated in the Cayman Islands and its American depositary shares are listed on the New York Stock Exchange.

E-House is the leading real estate transaction service provider in China as it has the largest revenue from real estate agency services in the primary market in 2017, the most cities with both real estate transaction data and land data covered, and the second largest real estate brokerage network by the number of stores as of 31 December 2017, according to Cushman & Wakefield.