With nearly four decades in the region, Paul, Weiss has long been recognized as a leader and legal innovator among international law firms in Asia. Our Asia based partners have been consistently ranked in the top tier of practitioners in their areas of expertise.
Tencent Invests in YY Subsidiary Huya
- Client News
- March 13, 2018
Paul, Weiss represented Chinese internet giant Tencent in its Series B equity financing in Huya Inc., a subsidiary of YY, a leading China-based esports live-streaming social-media platform. The financing round involves an approximately $461.6 million investment into Huya. Upon the completion of this transaction, YY maintains control over Huya. Tencent has a right, exercisable between the second and third anniversary of the closing date, to purchase additional Huya shares at fair market price to reach 50.1 percent of the voting power in Huya.
The Paul, Weiss team included corporate partner Tong Yu.