The operator of Chinese e-commerce firm Qufenqi, backed by Ant Financial, is planning a U.S. IPO to raise between US$500 million to US$800 million during the first half of 2017, according to media reports. Qufenqi, under Beijing Happy Times Technology Development Co., is currently working with investment banks on the potential stock market debut. The […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.