Marbridge Daily

March 22, 2012

Rumor: 360Buy to Resume IPO Process

Tencent Tech, 3/22/12

Beijing-based B2C e-commerce firm Jingdong Century Trading ( reportedly plans to resume IPO preparations next month, and has quietly contacted a number of investment banks. Quoting 360Buy's own figures, an industry source claimed that the company saw RMB 21 bln in total sales and a net loss of nearly RMB 1.2 bln in 2011, with a gross profit margin of 5%. 360Buy has yet to comment on the rumor.

Editor's Note: For more information on this topic, please see "Rumor: 360buy to Apply for Nasdaq Listing," MD 2/21/12 issue.

Please note, all fields are required.
None of your personal information will be shared with third parties.

Please enter your name

Please enter a valid email address
(City, Country)
Please enter your location
(Please leave empty)

You need to enter a message
Drop Shadow