On December 18, 2020, Vesync Co., Ltd. ("Vesync"; Stock Code: 02148.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX). The company offered 281 million shares at HKD 5.52 per share (excluding the over-allotment option), which was oversubscribed 538 times. The company's stock closed up over 50% on its first trading day. The company received subscriptions from cornerstone investors such as Hillhouse Capital and Orchid China.

Vesync is primarily engaged in the design, development and sale of small home appliances and smart home devices under its three core brands—"Etekcity" for smart home appliances, "Levoit" for home environment appliances which include air purifiers and "Cosori" for kitchen appliances. The company's products are sold globally through Amazon, the largest e-commerce marketplace in the U.S, to countries including the U.S., Canada, the UK, Germany, France, Spain, Italy and Japan. In 2019, the company was ranked third in terms of retail sales generated through Amazon among small home appliance retailers in the U.S. Its air purifiers were also ranked first and its air fryers were ranked second in their respective categories, both in terms of retail sales generated through Amazon in the U.S.

As the Chinese legal adviser and the overseas legal adviser to the issuer respectively, Jingtian & Gongcheng's mainland China and Hong Kong legal teams, along with the firm’s tax team, participated in establishing family trusts, developing red-chip structures and completing listing applications. In brief, the teams provided one-stop, end-to-end legal services, including legal due diligence, tax planning, offering legal opinions and assisting in answering regulatory inquiries, addressing complex problems for the issuer related to family trust, domestic restructuring and transfer pricing, culminating in Vesync’s successful public listing.