JD-backed electronics reseller Aihuishou files for US IPO
Aihuishou, a Chinese electronics resale platform backed by e-commerce giant JD.com, applied to an initial public offering (IPO) on the New York stock exchange on Friday.
Why it matters: The Shanghai-based company is one of Chinas largest second-hand goods platforms. Unlike its larger peers, Alibabas Xianyu and 58.coms Zhuanzhuan, it focuses on electronics. JD.com is Aihuishous biggest investor, owning 34% of its ordinary shares before the offering.
- Expect to see a new wave of Chinese technology…
