Beijing Jingdong Century Trading is seeking to raise around $2 billion in an IPO, The Wall Street Journal reports. The company may pursue acquisitions related to e-commerce in China as well as overseas next year.
The 360buy owner has already secured $1.5 billion in a third round of fundraising as of April. The Chinese online search provider Baidu’s CEO, Robin Li, has invested in Beijing Jingdong with a stake of less than 1%, while other investors include Russian investment firm, Digital Sky Technologies.
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