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Shenzhen B2B Platform Mulls IPO

Southern Metropolitan News, 1/19/10

In the two years since its founding, Shenzhen-based B2B e-commerce platform has achieved profitability and may IPO on China's growth enterprise board as early as the end of this year.

518ad was officially launched in September 2007, and is a Web 2.0 B2B platform. In 2009 the site earned RMB 53 mln, with net profits of RMB 12.42 mln.

Keywords: 518ad B2B e-commerce Internet IPO GEB


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