Lashou is said to be the first Chinese group buying service that has anyway managed to make profit, according to people close to the site.
Lashou refused to comment on the matter when being approached.
The Beijing-based company was reportedly selecting CCIG (China Capital Investment Group) and Nomura Securities as new main underwriter for its initial public offering in the fourth quarter of this year with an aim to raise between US$ 100 million and 200 million at US$ 1.1 billion valuation.
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.
Monthly Membership
Yearly Membership
What you get
Full access to all premium content and our full archives
Members'-only newsletters
Preferential access and discounts to all TechNode events
Direct access to the TechNode newsroom
Start your free trial now.
Get instant access to all our premium content, archives, newsletters, and online community.