Jollychic, a leading cross-border e-commerce platform in Middle East, completed its series C+ financing of USD 65 million recently. The investor is Group 42, a technology giant of the UAE. This series financing is the first investment by a local strategic investor of Middle East into a Chinese cross-border e-commerce platform, who targets Middle East as its key market.
As the legal advisor of Jollychic, Zhong Lun Law Firm was in charge of designing the transaction structure, preparing transaction documents, attending to negotiation and closing, and issuing relevant legal opinions.
The legal team for this project is led by partners Wayne Wang and Ricky Luo, and comprised of associate Jolie Xu.