Peng Chengwei

Introduction

Peng Chengwei is a partner at AllBright Law Offices, with a wealth of experience in PE and VC, M&A, fund structure and fundraising, and capital markets. Peng focuses on the fields of technology, healthcare, consumer and the internet.

Prior to joining AllBright, Peng was one of the founding members of Loyal Valley Capital, in charge of the firm’s overall middle and back offices (including legal and compliance, HR, finance, operations, data and administration), and built up the fund structure, internal framework and process from scratch. As a key manager, Peng participated in the decision making and execution of a couple of investments. Prior to that, Peng worked with Han Kun, JunHe and Zhong Lun law firms. Peng has participated in and led a couple of iconic deals in his career.

Peng’s interdisciplinary experience has allowed him to focus more on the commercial essence and results in his practice. He adheres to a personal vision, “To develop the most commercially minded team”, and his team’s mission, “To create superior value for the business”.

For Peng, superior legal services entail, in addition to solid professional competence/skills, a deep understanding of the purpose of a transaction, the consideration of possible scenarios/changes and planning relevant mechanism in documents, and focusing on how to solve the problem and whether the plan is commercially feasible.

During his tenure as a lawyer at Ele.me, Peng introduced a pioneering mechanism that changed the landscape of the online-to-offline (O2O) industry to a great extent, on the one hand, to avoid the compulsory merger by Meituan, on the other hand, to provide more space and possibility for the development of Ele.me. It is the said mechanism that entitled co-founder Mark Zhang to declare in his letter, after the merger of MeiTuan and Dianping, “Dianping gives up its voting rights and board seat”.