Chinese e-commerce platform Yunji Weidian has roped in investment banks for floating its US$1 billion initial public offering (IPO), planned to hit the US market early next year, according to Reuters citing a company insider. Yunji has authorized Morgan Stanley, Credit Suisse Group AG and JPMorgan Chase & Co to lead the listing on the Nasdaq stock exchange, said the source. The company had reported break even in 2017 and it expects to be profitable this year. In addition, it hopes …

Chinese E-Commerce Portal Yunji Weidian Hires Banks For US$1B US IPO appeared first on China Money Network.