Friday, November 30, 2007

The next IPO?

I have been very grown-up this week and manfully resisted the temptation to post on the house that Jack bought.

Instead, we'll speculate that the next B2B IPO, riding on Alibaba's coat tails may well be opposed to which is different and run by HC International). Blogger David Lau Wei has written a long post (in Chinese) on the company in which, amongst other things he says:

  • Made-in-china will have revenues of Rmb200 million in 2007 (US$26.5 million) and profits of around Rmb80 million (US$10.5 million).
  • In March 2007, the company which was founded in 1998 received a strategic investment of $5 million.
  • They have considered IPO in 2006 and spring of 2007. They are now looking at an IPO in September 2008.
Our highly unreliable (there, I'll get that in before the phone rings) Alexa-based rankings place as #2 in the Asian B2B league behind with around 950,000 regular users.

Update: Hmmm. It appears that Mr. Lau may have 'borrowed' that content from the China Finance Online site as it pops up here too and it looks as though it's one of their reporters who covered it.

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