Beijing DHH (Shanghai) Law Firm Helped a Famous AI Project to Successfully Build an Overseas Red-Chip Structure and Obtain a First-Line USD A-Round Fund Financing Worth Tens of Millions
Beijing DHH (Shanghai) Law Firm assisted clients in the construction of overseas red-chip structures, including assisting the Founder in setting up the domestic equity company, BVI company, Cayman company, Hong Kong Company, WFOE Company and filing registration for the 37# of the document, to successfully won and smoothly delivered the financing and the smooth delivery of an overseas first-line USD A-round fund (focusing on the AI industry, big data, Internet, etc.), which is worth tens of millions.
About the project：
The target company is a burgeoning new high-tech company focused on AI wearable devices. The company was founded by an excellent Chinese student who was a member of Harvard University's Research Team. The company's R&D team has developed a set of efficient machine learning algorithms to measure the physiological signals of the wearer in real time through the "Man-Machine Loop" optimization, so that lighter and more flexible wearable equipment are provided to effectively improve the daily mobility of stroke patients and other patients with mobility difficulties.
Beijing DHH (Shanghai) Law Firm, serving as the company's Legal Counsel in this project, provided professional and customized services in assisting transaction structure design in combination with the client’s listing needs in the future, drafting, revising and reviewing the relevant transaction documents of the USD fund financing, including but not limited to sharing the Purchase Agreement, the Shareholders' Agreement and the Memorandum of Association, etc. With the perfect assistance for clients to negotiate and deliver the project, DHH has won high praise and affirmation from clients.
The project was leaded by Ms. Yuexi Yao, Partner of DHH, and undertaken by Mr. Jiacheng Liu.