Rumor: Vancl Cancels IPO Plan
Beijing Business Today, 3/20/12
An industry source reported yesterday that B2C clothing website Vancl has cancelled its IPO plans, and that the company's CFO has resigned. A Vancl spokesperson did not comment upon the news when interviewed.
Editor's note: According to a separate report from Netease Tech, Vancl CFO Zhu Jiwen has confirmed his own resignation, but has denied any relationship to the IPO being scuttled.
Keywords: HR Zhu Jiwen Vancl Internet IPO B2C e-commerce apparel
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