Hogan Lovells opens 2026 with strong momentum in U.S.-listed company M&A

Cloopen is a leading multi-capability cloud-based communications solution provider in China offering a full suite of cloud-based communications solutions, covering communications platform as a service (CPaaS), cloud-based contact centers (cloud-based CC), and cloud-based unified communications and collaborations (cloud-based UC&C). Cloopen's mission is to enhance the daily communication experience and operational productivity for enterprises. Cloopen aspires to drive the transformation of enterprise communications industry by offering innovative marketing and operational tactics and SaaS-based tools.

The Hogan Lovells team is led by partner and Head of Private Equity in Greater China, Stephanie Tang.

In recent years, Stephanie has led over 20 U.S. IPOs for Chinese and Asia-Pacific companies, combined with 32 going private transactions of U.S.-listed companies based in China and Asia Pacific region (many of these companies have successfully re-listed on China's A-share market after privatization), as well as a number of De-SPAC transactions, we have established a widely recognized market-leading position in U.S.-listed company M&A.

Over the past two years, global capital markets have faced unprecedented volatility. In response, the U.S. Securities and Exchange Commission and Nasdaq have introduced multiple structural reforms to the rules governing initial public offerings (IPOs) and Special Purpose Acquisition Companies (SPACs), with further adjustments expected in the near future.

Against this dynamic backdrop, Hogan Lovells continues to serve as a trusted advisor to U.S.-listed companies, leveraging deep market insight and proven capabilities to craft bespoke solutions for founders, management teams, private equity stakeholders, and investors. We are committed to helping clients navigate the evolving complexities of cross-border capital markets between China and the United States, ensuring clarity and confidence at every step.

As the financial landscape continues to shift, our role is to provide direction and insight—empowering businesses to move forward with purpose and precision.