Consumer Staples May 20, 2021 02:38 AM (GMT+8) · EqualOcean
Huitongda Network, a Chinese e-commerce platform serving the country's rural areas, is considering an initial public offering in Hong Kong that could raise to USD 1B. Alibaba has been one of the first major investors in the process. The listing is expected to take place as early as the second quarter. Huitongda is headquartered in Nanjing and supports rural retailers with supply chain and digital technology, according to its website. Its network covers 21 provinces and more than 19,000 towns and villages across China. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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