Used electronics trading platform Aihuishou to raise up to US$1b in US IPO, say sources | Malay Mail

📆 4/18/2021 5:45 AM
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HONG KONG, April 18 — Chinese secondhand electronics trading platform Aihuishou is aiming to raise US$500 million to US$1 billion (RM4.1 billion) in a US initial public offering by early June, said two people with direct knowledge. The 10-year-old company, backed by online retailer JD.Com Inc, is...

Sunday, 18 Apr 2021 10:24 AM MYT

The 10-year-old company, backed by online retailer JD.Com Inc, is targeting a valuation of US$4 billion to US$5 billion in the float, said the people. The company aims to attract investors with its environmental, social and governance -friendly business nature, said one of the people.JD.Com disclosed in 2019 it would merge its own Paipai secondhand business into Aihuishou with certain exclusive traffic resources for the next five years, and additionally invest US$20 million in cash in exchange for a non-controlling interest in the company.

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