Paul Hastings Advised Joint Sponsors and Underwriters in Chenqi Technology Limited’s Hong Kong IPO and Global Offering

July 10, 2024

Paul Hastings advised China International Capital Corporation Hong Kong Securities Limited, Huatai Financial Holdings (Hong Kong) Limited, and ABCI Capital Limited as the joint sponsors, sponsor-overall coordinators, overall coordinators, and joint global coordinators on the global offering and listing of Chenqi Technology Limited (“Chenqi Technology”) on the Main Board of the Hong Kong Stock Exchange (stock code: 9680.HK).

Chenqi Technology is a mobility service company in China primarily offering ride-hailing services. Chenqi Technology serves and connects various participants of the mobility industry including the riders, drivers, automobile OEMs, vehicle service providers and autonomous driving solution providers.

Founding partner and chair of Greater China Raymond Li and partners Chaobo Fan, Steven Hsu, and Crystal Liu led the Paul Hastings team, which also included associates Helen Cheung, Sara She, and Stefan Chan, senior legal manager Linfei Li, trainee solicitor Stephanie Leung, and China associate Jingyi Cao.

In recent years, Paul Hastings has advised on various significant IPOs in the technology related industries, including Autostreets (one of China’s largest used vehicle transaction service providers), LX Technology (a device lifecycle management solution provider in China), GOGOX (an online intra-city logistics platform in Asia), Dingdang Health Technology (a service provider in providing express digital healthcare services in China), and TI Cloud (a provider of customer contact solutions deployed in public clouds in China).

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.