Davis Polk advised Huai River Investment Limited, a subsidiary of Tencent Holdings Ltd., in connection with its investment in Dianping Holdings Ltd. Tencent is subscribing to convertible preferred shares representing a 20% stake in Dianping. The transaction was completed in February 2014.

Founded in 1998, Tencent is one of China’s largest and most widely used Internet service portals. Dianping is one of China’s leading local life information and trading platform and an online independent third-party consumer service rating site. It also provides group-buying, e-membership cards, online restaurant reservations and other online to offline services.

The Davis Polk corporate team includes partner Kirtee Kapoor and registered foreign lawyer Abhishek Kolay. All members of the Davis Polk team are based in the Hong Kong office.