Online clothing retailer PPG plans US listing

SHANGHAI: Online clothing retailer PPG said yesterday it plans to list in the US toward the end of this year or in early 2009, either on the New York Stock Exchange or the NASDAQ.

PPG said it has received $80 million in investment from TDF, JAFCO Asia, KPCB and San Shan Capital Partners since it launched in October 2005.

It uses an e-commerce and traditional retail business model that relies on the Internet and call centers.