Orrick Advises on US$500M Investment in Tuniu for JD.com
Orrick, Herrington & Sutcliffe LLP (“Orrick”) is advising JD.com Inc. (“JD”; NASDAQ: JD), the second largest e-commerce site in China, in its investment in Tuniu Corporation (“Tuniu”; NASDAQ: TOUR), a leading online leisure travel company in China, along with a group of investors including affiliates of Ctrip.com (NASDAQ: CTRP), DCM V, Hony Capital, Sequoia Capital and Temasek Holdings. The aggregate investment amount by all these investors is US$500 million.