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.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.