A China-based e-commerce company is eying the biggest-ever initial public offering for a Web company, the Wall Street Journal is reporting, citing anonymous sources.
According to the Journal, Beijing Jingdong Century Trading Co. (Jingdong), which operates Chinese e-commerce site 360buy, is planning to raise between $4 billion and $5 billion in an IPO it hopes to hold in the first six months of 2012. If the company follows through on the IPO, it would dwarf Google's record-setting 2004 IPO of $1.9 billion.
Jingdong's 360buy is the Amazon.com of China. The company sells a host of products, … Read more