Gunderson Dettmer chosen as a winner for the China Business Law Awards in Private Equity and Venture Capital

May 20, 2021Firm News

Gunderson Dettmer has been chosen as a winner of China Business Law Journal’s China Business Law Awards in Private Equity and Venture Capital.

Gunderson Dettmer represented a large number of venture capital and growth equity funds in their investment activities, such as investments in Zuoyebang, an online education company; Dingdong Maicai, a fresh vegetable e-commerce platform, and Perfect Diary, an e-commerce-based cosmetic brand. We also represented a large number of Chinese startups on their financing rounds in the past year, such as WeRide, a mobility company powered by AI technology and Robotics; Nice Tuan, an e-commerce platform that provides daily groceries and miscellaneous products, and Tusimple, a self-driving truck company.

Gunderson Dettmer advised on the Series B+ financing of WeRide last year, which received a US$200 million investment from a large-scale bus company Yutong Group. Tony Han, the CEO & cofounder of WeRide, is very satisfied with their cooperation: “Gunderson Dettmer knows very well about the Cayman structure and domestic investment matters, and can give very professional advice and help us coordinate with the investors. They also have a very good understanding of the market situation. They can actively cooperate with the business side to make decisions.”

China Business Law Journal’s China Business Law Awards are based on hundreds of nominations received from China-focused corporate counsel and legal professionals around the world. In determining the winners, the nominations (and the justifications provided for each nomination) were considered carefully in combination with other factors, such as each firm’s landmark deals, cases and other notable achievements over the past year. They also consulted widely with law firm clients and conducted a large number of surveys to ascertain the level of satisfaction with the services provided by each firm.