VANCL, the Chinese online apparel retailer which was supposed to get started its IPO process was said to delay its offering due to investors’ disagreements on the timing as some of the Beijing-based company’s investors thought Vancl should get listed ASAP and the opposition believed holding on the offering till next year after Chinese Lunar New Year to avoid the volatile market for a better valuation would be a better choice.

After seven rounds of funding, venture capitals who made it to Vancl’s investor lists includes IDG, Ceyuan Capital, Leijun, Qiming Venture Partners, Tiger Fund, SAIF and Temasek Holdings. The company was planning to raise as much as US$ 1.5 billion (RMB 1 billion) when news first broke its IPO plan.

And Vancl’s vice-president, Wu Sheng has just left the company and was said to join 360buy.

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Ben Jiang

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