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Announced

15 May 2020

Completed

15 May 2020

Sequoia China and Tencent completed a $244m investment in Shimao Property.

Synopsis

Sequoia China and Tencent completed a $244m investment in Shimao Property, a diversified real estate development company. Sequoia invested $130m and Tencent provided $114m. Shimao will use the capital to improve its operating efficiency by digitizing its services and adopting technology such as cloud computing and big data.

Principals

target

Shimao Property

bidder

Tencent Holdings

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Market Context

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Seller Team (1)

xu rongmao

Founder and Chairman at SHIMAO PROPERTY

Manager

target

Deal

£ 201 M

Total Value

Bidder Team (8)

ma huateng

Chairman and CEO at TENCENT HOLDINGS LIMITED

Manager

bidder

123

Deals

£ 50.32 B

Total Value

kelly gregory

Partner at Clifford Chance

Lawyer

bidder

Deals

£ 12.83 B

Total Value

yue zheng

Senior Associate at Clifford Chance

Lawyer

bidder

Deals

£ 19.87 B

Total Value

mercia wang

Associate at Clifford Chance

Lawyer

bidder

Deals

£ 2.85 B

Total Value

frank yuen

Partner at Clifford Chance

Lawyer

bidder

Deals

£ 5.33 B

Total Value

ryan wong

Senior Associate at Clifford Chance

Lawyer

bidder

Deals

£ 7.46 B

Total Value

samson chan

Senior Associate at Clifford Chance

Lawyer

bidder

Deals

£ 1.31 B

Total Value

neil shen

Founding Partner at HONGSHAN (EX-SEQUOIA CAPITAL CHINA)

Investor

bidder

Deals

£ 15.88 B

Total Value

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