Lashou eyes Nasdaq
Source: Agencies |
November 2, 2011, Wednesday
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Print Edition
Print Edition
CHINA'S leading daily-deals website Lashou Group plans to raise up to US$100 million in an initial public offering on Nasdaq to expand its marketing efforts and delivery systems, according to a filing to the stock exchange.
Lashou, which was launched in March 2010, operates in 500 cities or towns in China. Its business is modeled on that of United States-based Groupon Inc.
China's group buying sector is intensely competitive and saturated with more than 1,000 group-buying websites and Lashou faces an uphill battle to win a lion's share, analysts said.
Lashou, which was launched in March 2010, operates in 500 cities or towns in China. Its business is modeled on that of United States-based Groupon Inc.
China's group buying sector is intensely competitive and saturated with more than 1,000 group-buying websites and Lashou faces an uphill battle to win a lion's share, analysts said.
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