news August 15th, the U.S. grapefruit today to billion state power network that has completed 1 billion yuan financing recently, and completed the demolition of the VIE architecture, the official return to the domestic capital market.
said, because the profit scale has been achieved, in the domestic capital market is the scarcity of investment, so the financing progress soon, investor subscription is very positive, almost all of the old shareholders are involved with the cast. Financing in addition to the withdrawal of capital to undertake the withdrawal of the United States, will also be used to support the development of the company.
, according to informed sources, the U.S. grapefruit planned to start the United States IPO in the first half, then take into account the company’s business and customers are concentrated in the country, coupled with the U.S. grapefruit has been profitable, can reach the domestic listing requirements, so the United States decided to give up IPO, to remove the VIE return to the domestic capital market.
earlier, Chen Fangyi had issued an internal letter, announced that the company has achieved profitability in the second quarter. Chen Fangyi said in the letter, in the overall capital market environment is not good, beauty grapefruit to achieve a contrarian development, the outbreak of the community electricity supplier, maternal and child community, interactive advertising business.
data show that the U.S. grapefruit market to cut female menstrual management tools, more than 100 million users. In addition, the U.S. grapefruit also hatched baby baby and grapefruit community fashion business grapefruit street, DAU’s more than 7 million products.
in the commercial, the U.S. grapefruit select electricity supplier and commercial advertising as the main path. The electricity supplier, the U.S. grapefruit in June 2015 launched the community electricity supplier grapefruit street, main women, beauty, care, Home Furnishing, maternal and child products, May 2016, on the line less than a year of grapefruit Street monthly sales of more than $100 million. Advertising, beauty cosmetics, cosmetics, baby pomelo flagship brands such as advertising, advertising revenue of more than 10 million yuan monthly.