Made-in-China.com Plans RMB 1.2b Dec A-share IPO
Nanjing-based business-to-business e-commerce site Made-in-China.com is eyeing an initial public offering (IPO) on a mainland stock exchange to raise RMB 1.2 billion, ccidnet.com reported December 4. Company Chairman and General Manager Shen Jinhua will hold about 80% equity interest in the company, the report said. Made-in-China.com has a market share of 2.9%, compared with Alibaba's (1688.HK) 59.2% and Global Sources'(Nasdaq:GSOL) 14.3%, according to the report.
Previous reports said Made-in-China.com recorded revenue of RMB 275 million in 2008.
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