BEIJING, Feb. 13 (Xinhua) -- The 139shop.com, China's leading mobile phone
Internet portal, is preparing to go public on the Nasdaq Stock Market in the
United States.
A source with the company, surnamed Luo, confirmed on Tuesday that 139shop
has received more than 40 million U.S. dollars in investment from four
U.S.-based venture capital companies for the planned listing. Luo refused to
give the names of the four investors.
Established in 2000, 139shop, is the largest mobile phone Internet portal
in Asia, and is engaged in B2B (business-to-business) and B2C
(business-to-consumer) services.
It has more than 100 million registered subscribers and its monthly B2C
sales exceed 50,000 mobile phones.
Sources with 139shop said that the company plans to branch out into selling
other digital products, air tickets and flowers online.