Lashou, the Chinese daily deal site yesterday filed with SEC to cancel its IPO plan.The company filed for an up to US$ 100 million IPO on October 29 last year, which was later on delayed due to auditing problem and weary market.

Founded in 2009, Lashou has raised more than US$ 166 million in three rounds of financing from investors including GSR Ventures, Rebate Network, Norwest Venture Partners, Milestone Capital, Reinet Fund SCA FIS and so on.

According to its SEC filings, Lashou generated US$ 1.62 million in revenue in 2010, while it’s net loss over the same period hit more than 10 million.

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.

Monthly Membership

Yearly Membership

Gang Lu

Dr. Gang Lu - Founder of TechNode. He's a Blogger, a Geek, a PhD and a Speaker, with passion in Tech, Internet and R'N'R.