SMZDM.com lists on Shenzhen Stock Exchange’s GEM board
Chinese shopping guide platform SMZDM.com has been listed on the Gem board of the Shenzhen Stock Exchange.
The firm has successfully operated for a period of nine years with only one round of financing prior to the listing – an investment of RMB100 million (US$14.55 million) by Huachuang Capital.
“SMZDM.com is currently the first truly consumer-oriented A-share listed internet company in China, said Huachuang Capital managing partner Wu Haiyan.
“In the past there were only two categories of A-share listed companies: game companies and 2B advertising platforms.”
The platform began as personal blog almost 10 years ago, which became a popular reference site for consumers making purchasing choices.