Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Finance

    Online fashion retailer eyes US public offering

    Updated: 2018-04-17 13:18
    Share
    Share - WeChat

    BEIJING-Meilishuo, a Chinese online fashion retailer backed by Tencent Holdings Ltd, is in talks with several investment banks about a US initial public offering that could value the startup at about $4 billion, according to people familiar with the matter.

    The women-focused online retailer hosted a meeting to discuss the prospects of an initial public offering with potential advisers and underwriters, the people said, asking not to be identified because they were talking about private negotiations.

    Meilishuo merged with rival Mogujie in 2016 to form a company with $3 billion in sales, and was said to have been valued at $3 billion at the time of that deal.

    The company, whose name means "Beauty Talk," is one of the more popular fashion and cosmetics retailers online, a niche it's clung to despite the dominance of Alibaba Group Holding Ltd and JD.

    Meilishuo's envisioned $4 billion valuation is an initial target and could change if a deal proceeds, the people said. The company didn't respond to requests for comment.

    This is another Chinese technology company looking to sell shares to the public. Smartphone maker Xiaomi Corp is seeking a valuation of as much as $100 billion in a much-anticipated offering, people familiar with the matter have said, while Meituan Dianping, the mainland's largest provider of on-demand online services also backed by Tencent, has begun discussions about a Hong Kong IPO at a valuation of at least $60 billion, media reported.

    Statistics showed that 58.3 percent of Meilishuo's users are ages 23 to 30, while the family monthly income of more than 75 percent of users was between 10,000 yuan ($1591.4) and 20,000 yuan.

    As of 2016, the company had about 15,000 merchants on its website and a mobile application that had been downloaded 100 million times. That year, it merged with Mogujie, founded in 2011 with about 130 million registered users.

    "Tencent wants to develop e-commerce via its partners, so Meilishuo could get a lot of resources and help," said Li Yujie, an analyst at RHB Research Institute Sdn in Hong Kong. "It still depends on how the overall market performs, it would be a good year to fetch good valuation for e-commerce sector."

    Furthermore, JD and Meili Inc, the parent company of Meilishuo, announced the establishment of a new joint venture in January, as JD hopes to tap more female shoppers to compete with Alibaba's Tmall.

    The new company will build and operate a social commerce platform leveraging JD's current level-one entry point on WeChat, Tencent's popular social media platform.

    Bloomberg - China Daily

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    无码无遮挡又大又爽又黄的视频 | 无码av中文一二三区| 久久亚洲中文字幕精品一区四| 亚洲精品无码不卡| 曰韩人妻无码一区二区三区综合部 | 国产激情无码一区二区三区| 日日日日做夜夜夜夜无码| 无码人妻精品中文字幕| 国产精品无码久久综合网| 日韩av无码久久精品免费| 熟妇人妻中文a∨无码| 最好看最新的中文字幕免费| 亚洲色偷拍区另类无码专区| 国产av永久无码天堂影院| 无码人妻一区二区三区免费n鬼沢| 中文字幕无码久久精品青草 | 日本中文字幕网站| 永久免费无码日韩视频| 好硬~好爽~别进去~动态图, 69式真人无码视频免 | 在线高清无码A.| 久久亚洲AV无码精品色午夜麻豆| 日韩精品中文字幕无码一区| 五月婷婷无码观看| 人妻无码久久精品| 人妻系列无码专区久久五月天| 国产成人亚洲综合无码精品| 无码国产精品一区二区免费式芒果| 中文无码伦av中文字幕| 亚洲一区爱区精品无码| 国产综合无码一区二区辣椒| 无码福利写真片视频在线播放| 中文字幕在线播放 | 青青草无码免费一二三区| 亚洲中文字幕无码久久2017| 成人午夜福利免费无码视频| 中文字幕无码精品三级在线电影 | 亚洲中文字幕无码日韩| 亚洲av永久无码精品国产精品| 亚洲av无码国产精品色午夜字幕| 水蜜桃av无码一区二区| 国产V亚洲V天堂A无码|