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Advised UJU HOLDING LIMITED on its Global Offering

On 8 November 2021, UJU HOLDING LIMITED (“UJU”) successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock code: 1948).

In this project, Chungs Lawyers (in association with DeHeng Law Offices) acts as the Hong Kong legal counsel to the issuer, UJU, and fully participates in and promotes the project.

Immediately upon completion of the global offering, the market capitalisation of UJU exceeds HK$4 billion. Besides, UJU obtained investment from Bytedance (HK) Limited and Green Better Limited, as cornerstone investors. The two companies are ultimately owned by ByteDance Ltd. and Xiaomi Corporation respectively.

UJU mainly generates its revenue by providing one-stop cross-media online marketing solutions, in particular online short video marketing solutions, through its media partners for its advertiser customers to market their products and services. UJU is one of the largest online marketing service providers in China in 2020.

Chungs Lawyers (in association with DeHeng Law Offices) worked closely and actively with other professional parties to provide professional, comprehensive and efficient legal services for this project.

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