DLA Piper has advised China Ping An Insurance Overseas Holdings on its strategic investment in popular E-platform BIGO Live. This is the third round of financing for BIGO Live, which has raised in aggregate over US$180 million since its inception in 2015.

BIGO Live is a popular live streaming platform that broadcasts live events in many countries, targeting users aged 18-25. In just one year since the launch of its live streaming platform in 2016, it has gained more than 70 million registered users worldwide, and has close to 30 million live users. It is now one of the top 5 online social applications in Southeast Asia and is on way to taking the top position. It plans to enrich its content while recruiting online talents to strengthen its position in markets such as Europe, the United States, India, Russia, and the Middle East.

China Ping An Insurance Overseas (Holdings) Limited is a Hong Kong based subsidiary of Ping An Insurance (Group) Company of China, Ltd. It serves as the overseas investment arm of the Ping An Insurance Group.

The DLA Piper team was led by partner Gloria Liu in the Corporate group. She was assisted by Registered Foreign Lawyers Jean Jiang and Jamil McClintock in Hong Kong.