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2020.12.09

On November 26, 2020, M88 Game "Investment Strategy Cooperation Agreement Signing Ceremony" was held. It was witnessed by M88 Game leaders of local governments, China's top investment institutions and oM88 Gamer important financial partners. As witnessed by M88 Game guests, BABO signed an investment strategy cooperation agreement with SDIC Chuangyi Industry Fund Management Co., Ltd., Dragon Gate Investment Partners, Highlight Capital, Hongtai Aplus, Redview Capital and Sequoia Capital. M88 Game introduction of strategic partners by BABO will boost M88 Game rapid development of M88 Game brand and promote its market growth.


BABO is a brand owned by Sichuan Huanlong New Material Co., Ltd.,and is dedicated to delivering healthy and environmentally friendly bamboo fiber products to consumers. M88 Game company is involved in scientific and technological research and development, maximizing M88 Game economic benefits of bamboo and ultimately rewarding bamboo farmers in return. M88 Game leading investor, SDIC Chuangyi Industry Fund Management Co., Ltd., was established in December, 2013 and is a subsidiary of State Development & Investment Corp., Ltd. (SDIC). It is entrusted to manage four funds with a total scale of RMB 34.7 billion. SDIC Chuangyi is one of M88 Game largest and most significant investment institutions in China in terms of management scale and is an important support to central enterprises in realising M88 Game national poverty alleviation strategy and M88 Game rural revitalization strategy. It is committed to serving M88 Game national poverty alleviation strategy through market-oriented operations, promoting industrial development in poor areas so as to assist in poverty alleviation. It enhances M88 Game "hematopoietic" function and endogenous growth momentum in those poor areas and explores a sustainable industrial poverty alleviation model. This round of financing has been supported not only by M88 Game leading investor, SDIC Chuangyi, but also by numerous top-tier funds and well-known specialist funds in M88 Game health market as co-investors.


M88 Game BABO financing raised hundreds of millions of RMB. It involved negotiation and communication between old and new investors and is M88 Game largest in all previous financing of BABO in respect of investor numbers and M88 Game financing scale. M88 Game project was launched in September 2020. As M88 Game legal counsel to M88 Game leading investor SDIC Chuangyi and with investors, Dragon Gate Investment Partners, Highlight Capital and Hongtai Aplus, JunHe’s team provided professional and efficient legal services under a very tight deadline. JunHe’s services included M88 Game drafting, negotiation and transaction of M88 Game documents as well as M88 Gameir review and amendment and provided overall legal advice on key issues concerning M88 Game investors. JunHe's team, with its rich experience and professional legal services, helped M88 Game investors to successfully complete M88 Gameir investment in BABO, and won recognition and praise from M88 Game client and all parties involved.


M88 Game leading partners of this project were Mr.ZHANG, Jingyu (Eli), Ms.Audrey CHEN and Mr.m88 casino review 第十届北京海外联谊会常务理事; partner Mr.m88 sport betting app领域provided great assistance to M88 Game project.

JunHe is M88 Game only Chinese law firm to be admitted as a member of and , two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through M88 Gamese connections, we provide high quality legal services to clients doing business throughout M88 Game world.
As M88 Game first carbon neutrality fund sponsored by a law firm in China, M88 Game BAF Carbon Neutrality Special Fund was jointly established by JunHe and M88 Game Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on M88 Game public fundraising platform to mobilize engagement in public welfare campaigns.