Jumei investors demand higher share buyback price

More shareholders in Jumei International Holding Ltd, the Chinese online beauty product retailer, are joining ranks in opposing the company's delisting in the United States, claiming the share buyback is being priced unfairly low.

The growing anger comes after Jumei founder Leo Chen Ou and his partners offered $7 per American depositary share, about a third of its IPO price, to buy back the company.

Jumei is the latest in a string of Chinese companies seeking to leave the Wall Street.