Mobile phone portal seeks Nasdaq listing

[photopress:139shop.jpg,full,alignright]The 139shop.com, China’s leading mobile phone Internet portal, is about to go public on Nasdaq. The 139shop is reported to have received more than $40 million in investment from four U.S.-based venture capital companies for the planned listing.

Established in 2000, 139shop, is the largest mobile phone Internet portal in Asia, and is engaged in B2B (business-to-business) and B2C (business-to-consumer) services. It has more than 100 million registered subscribers and its monthly B2C sales exceed 50,000 mobile phones.

Sources with 139shop said that the company plans to branch out into selling other digital products, air tickets and flowers online.
Source: China View