Online fashion retailer eyes US public offering

BEIJING - Meilishuo, a Chinese online fashion retailer backed by Tencent Holdings Ltd, is in talks with several investment banks about a US initial public offering that could value the startup at about $4 billion, according to people familiar with the matter.

The women-focused online retailer hosted a meeting to discuss the prospects of an initial public offering with potential advisers and underwriters, the people said, asking not to be identified because they were talking about private negotiations.

Meilishuo merged with rival Mogujie in 2016 to form a company with $3 billion in sales, and was said to have been valued at $3 billion at the time of that deal.