Vancl, the leading online retailer for clothing in China, plans to go for IPO in the U.S. by the end of this year or early next year, said an investment banking source.

Founded by former Joyo executive, Chen Nian, in 2007, Beijing based Vancl specialized in selling clothes online.  It started from men’s shirts and expanded to categories like suits, pants, causal wear, shoes, etc.  It also offers women’s casual wear and children’s clothing.

When I wrote my book, Red Wired: China’s Internet Revolution, Chen told me why he chose to specialized in selling clothes is that the margins are much higher.

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Sherman So

Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter...