Cadwalader advises on All-Stars US$1.1 billion investment in China’s smartphone giant Xiaomi Corporation
Cadwalader, Wickersham & Taft LLP recently advised All-Stars Investment Limited (All-Stars) as the lead investor on the US$1.1 billion Series F financing of Xiaomi Corporation (Xiaomi).
All-Stars is a fund that invests in the Internet and consumer brand space in Greater China. Xiaomi is the third-largest smartphone maker in the world and the biggest in China. The transaction was led by Rocky T. Lee and a team of Beijing-London-based Cadwalader associates.