Fenwick & West represented ShopClues, a company that has built a differentiated position as a value-for-money marketplace with a thriving ecosystem of small merchants, in its merger with Qoo10 Pte Ltd in an all-stock deal. Qoo10 Pte Ltd is a leading eCommerce platform in South East Asia which services small and medium enterprises via its localized online marketplaces in Singapore, Indonesia, Malaysia, China, Hong Kong, etc. and plans to expand into other Asian countries.
This partnership presents new strategic opportunities for both companies as it opens up cross-border opportunities for consumers and sellers across Asia. More information about the merger can be obtained from ShopClues’ announcement.
The Fenwick transaction team included corporate partner Dawn Belt and associates Maureen Montgomery and James Li.