26 January 2018
Latham & Watkins advised ORIX Corporation (ORIX) on its US$60 million investment in the holding company of Dianrong (Dianrong) through ORIX Asia Capital (OAC), its wholly owned investment vehicle in the Greater China region. Founded by Soul Htite, co-founder of LendingClub (LC), the first and largest Peer-to-Peer lending platform in the US, Dianrong is a leading online marketplace connecting millions of borrowers and lenders from China. Founded in 2012, Dianrong offers small businesses and individuals a comprehensive, one-stop financial platform supported by cutting-edge proprietary artificial intelligence and blockchain technologies.
The Latham & Watkins team was led by Hong Kong partner Frank Sun, with associates Jenny Qi and Nelson Tai.