Certainly, companies like ARC China with Founder Adam Roseman always have their eyes set on China and its latest developments. In recent news, Jungdong Mall, which operates one of China’s largest e-commerce sites, may be set for some big advancements. They are looking to raise up to $5 billion next year in New York for what may be the largest internet-related IPO in history.
As the Wall Street Journal reports, this Beijing-based company which operates the e-commerce site 360buy.com is organizing its plan of action at the moment. 360buy.com has investments from Russian’s Digital Key Technologies and other sources, but they face touch competition from other e-commerce giants such as Alibaba Group and Dangdang.
Time will tell how Jingdong Mall will do – and potential investors and those with interests in the Chinese market would do well to keep their eyes set in this area.