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Rumor: 360Buy to Resume IPO Process

Tencent Tech, 3/22/12

Beijing-based B2C e-commerce firm Jingdong Century Trading (360Buy.com) reportedly plans to resume IPO preparations next month, and has quietly contacted a number of investment banks. Quoting 360Buy's own figures, an industry source claimed that the company saw RMB 21 bln in total sales and a net loss of nearly RMB 1.2 bln in 2011, with a gross profit margin of 5%. 360Buy has yet to comment on the rumor.

Editor's Note: For more information on this topic, please see "Rumor: 360buy to Apply for Nasdaq Listing," MD 2/21/12 issue.

Keywords: revenue e-commerce Internet IPO loss B2C 360buy Jingdong Century

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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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