Ruhnn Holding Ltd, a Chinese online celebrity incubator backed by the country’s e-commerce giant Alibaba, has raised US$125 million in a downsized initial public offering (IPO) on the Nasdaq on late Wednesday. The company sold 10 million American depositary shares (ADSs) at US$12.5 apiece, the midpoint of its expected range between US$11.5 and US$13.5. The […]

Alibaba-Backed Chinese Online KOL Incubator Ruhnn Raises $125M In US IPO comes originally from China Money Network. All Rights Reserved.