Dacheng Advises Shanghai Zhongji Investment Holding Co., Ltd. on Acquisition of Equity in DianDian Interactive

Shanghai Zhongji Investment Holding Co., Ltd.(hereinafter referred to as “Zhongji Investment”) recently completed the acquisitions of 100% stake in offshoreDianDian Interactive Holding and DianDian Interactive (Beijing) Technology Co., Ltd. with US$960mln (RMB5.92bn) and RMB93mln in cash respectively. 

A Dacheng team comprised of senior partner Li Guanbao, partner Zhang Yunfang and associate Liu Jing advised Zhongji Investment the acquirer on both the domestic and cross-border deals. 

Zhongji Investment, founded in July 1992 with RMB575,732,096 in registered capital, is primarily engaged in equity investment, industrial investment and the R&D, manufacture and sale of precast concrete piles. DianDian Interactive (including DianDian Interactive Holding, its affiliates and DianDian Interactive (Beijing) Technology Co., Ltd.) is an integrated, world-leading web game and mobile game developer, distributor and operator. With 15,000,000 monthly active users on Facebook, it is currently Facebook’s 23rd most popular game developer. It is also one of the key simulation game developers on Facebook, second only to Zynga, the social game services giant. Its online family game series are well-received in over thirty countries such as France, Germany, Russia, Brazil, Turkey and the Arab world, having made its way up to the top ten of local iPhone’s App Store charts.