CM Law Firm is a boutique law firm in Shanghai which provides legal services mainly in M&A and capital markets. 

During the research period, the firm advised on the sale of JOYY’s live streaming business in China to Baidu. This was one of the top three mergers and acquisitions in China's live broadcast industry in 2020.

The main clients of CM Law Firm include Tencent Industrial Investment Fund, Sequoia Capital, CMBI, Matrix partner China, Trust Bridge Partners, VKC Partners, Futu Securities International, and Sequoia.

Deal highlights

·       Baidu acquisition of JOYY

·       17 Education & Technology Group Nasdaq IPO

·       Cloopen Group NYSE IPO