A Chinese company few Americans have heard of is gearing up for what could be the largest Internet IPO in U.S. history.
The company, Beijing Jingdong Century Trading Co., runs 360buy.com, a fast-growing online-shopping site that sells a broad range of goods, mostly direct to consumers, much like Amazon.com Inc. This business-to-consumer part of China's online shopping market is expected to expand more than fivefold to 650 billion yuan ($100 billion) over the next three years, according to Beijing-based research firm Analysys International.
Jingdong hopes to raise as much as $4 billion to $5 billion from an initial public offering ...
http://online.wsj.com/article/SB10001424053111904491704576570612044417314.html?mod=europe_home
The company, Beijing Jingdong Century Trading Co., runs 360buy.com, a fast-growing online-shopping site that sells a broad range of goods, mostly direct to consumers, much like Amazon.com Inc. This business-to-consumer part of China's online shopping market is expected to expand more than fivefold to 650 billion yuan ($100 billion) over the next three years, according to Beijing-based research firm Analysys International.
Jingdong hopes to raise as much as $4 billion to $5 billion from an initial public offering ...
http://online.wsj.com/article/SB10001424053111904491704576570612044417314.html?mod=europe_home
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