In response to the swirling rumor about “360buy resumed IPO process”, the Beijing-based B2C giant issued a statement last night to rebut the claim. 360buy reiterated in the statement that it has no intention to go public anytime soon, and it never shared any IPO-related information or financial data with investment banks.

A recent report said that the company which raised US$ 1.5 billion in its Series C round of financing resumed the iPO preparations in this month and has secretly contacted a number of investment banks. And according to the company’s financial figures, it saw RMB 21 billion in total sales and RMB 1.2 billion in net loss in last year with a gross profit margin of nearly 5%.

The ecommerce giant was rumored to sell shares at NASDAQ last September though things didn’t pan out well due to market unrest among other reasons like turmoil global economy.

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Ben Jiang

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