Netjoy Holdings Limited ("Netjoy", Stock Code: 02131.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX) on December 17, 2020, offering 200 million shares (10% offered in Hong Kong and 90% offered in the international market according to the preliminary plan; 50% offered actually in Hong Kong and the international market alike due to over 100 times of oversubscription in Hong Kong) at HKD 6.98 per share, raising approximately HKD 1.2934 billion. The Hong Kong offering was oversubscribed by 114.45 times and the international offering 6.37 times.

Netjoy is a leading provider of short-video marketing solutions in China. The company provides online marketing solutions via online platforms such as Douyin, Kuaishou, Huoshan, and Xigua. According to iResearch, the company is China's third-largest online marketing solution provider as measured by gross billings generated from short-video advertisements, with a market share of 3.4%. In just three years, the company's revenues have soared from CNY 235 million in 2017 to CNY 2.313 billion in 2019, representing a compound annual growth rate of 213.5%. With its revenues increasing nearly tenfold over that period, the company has become one of the fastest-growing providers of short-video marketing solutions in China.

As the Chinese legal adviser to the underwriter, Jingtian & Gongcheng 's legal team provided one-stop, end-to-end legal services for the IPO and listing of Netjoy, including Chinese legal due diligence, third-party due diligence and advising on responses to regulators, and offered constructive opinions on VIE structuring.