Tencent-backed fashion app seeks $4 billion US IPO: Report
China's Tencent-backed fashion app Meilishuo is in talks with investment banks about a US initial public offering (IPO) that could value the startup at about $4 billion, according to reports. Earlier, the startup was valued at $3 billion after a merger in 2016 with rival Mogujie. Founded in 2009, Meilishuo enables users to find personalised clothing and skin care products.