News provider International Financing Review (IFR) said the Beijing-based company could soon mandate banks on the initial public offering, which is planned for the final three months of the year.
China-based online clothing retailer Vancl, which is backed by publisher International Data Group’s corporate venturing unit, could raise $1bn in its US flotation.
News provider International Financing Review (IFR) said the Beijing-based company could soon mandate banks on the initial public offering, which is planned for the final three months of the year.
IDG Capital Partners, along with venture capital firms SAIF Partners, Ceyuan Ventures Management, Tiger Global Management and Qiming Venture Partners have invested $142m in Vancl since its…
