The Yuekeung Winery-backed alcohol e-commerce company, which has raised about $225m in funding, has had a Chinese IPO approved.
Jiuxian.com, a China-based online alcoholic beverage retailer backed by alcohol producer Yuekeung Winery, has received regulatory approval to list on China’s National Equities Exchange and Quotations market, China Money Network reported on Friday.
Jiuxian claims to be China’s largest alcohol e-commerce company, specialising in high-grade wines. It is also launching an on-demand wine and beer delivery service called Jiukuaidao.
The company has raised about $225m in funding, most recently securing $80m in series G funding in August this year led…
