To differenitate itself from Taobao.com, Alibaba Group has changed Taobao’s Tmall.com chinese name to 天猫. Tmall is designed
Made in China.com goes for IPO
China Business to Business (B2B) site operator Made in China is heading to a IPO in Shenzhen Stock Exchange, according to Shanghai Business Daily.
Made-in-China goes for IPO
The Nanjing-based company will raise RMB 1.2 billion by trading its shares on the A shares market at a price of RMB 42 per share.
Made in China is 80 per cent owned by Focus Technology Group’s chairman and GM Shen Jinhua.
It’s reported that Made in China will use RMB 70 million of the funds raised for its E-commerce Platform Upgrade project, RMB 90 million to expand its sales channels, and RMB 60 million for investment in service support and the construction of an R&D center.
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