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On 16 June 2016, China Life Insurance announced on its official website that it has signed an agreement with Didi and will invest strategically more than USD 600 million in Didi, which includes an equity investment of USD 300 million and a long-term debt investment of RMB 2 billion. This transaction was led by China Life Investment Holding Company Limited.

Guantao provided legal services throughout the whole transaction. Guantao team was led by partners Ms. Lv Liqiu and Ms. Tan Weihong, and the team members included Mr. Gu Fang, Mr. Chen Xiaochuang and Ms. Xie Yu.

With the investment, China Life will become a heavyweight shareholder of Didi. The two parties are committed to building a comprehensive partnership on internet-powered financial innovation and other initiatives. With China Life’s advantages in funding, branding, financial product systems and service network, Didi will offer its users a more flexible, reliable and abundant value-added travel service experience.