360buy previously claimed they got $400M from Tiger Global and the ontario teacher pension fund. Now 360buy got another $400M, then they say Tiger Global didn't participate in the D round. 360buy never tell the truth. They inflated 2011 sales from RMB 200M to 300M. They also claimed they made RMB 600M as 2012 sales. Who'd believe them ?
If the current valuation of jingdong is $7b on $6b revenue and zero margins, $800m cash with projected expenses of $1b over the next year
How can dang be valued at $300m on $1b revenue, best margins in the world, $240m cash, and projected logistics expenses of a few hundred million next year? Dang is worth no less than $20 per share NOW and could be trading as high as $35 by the time of 360buy IPO
On top of which insiders own the stock. There are absolutely no shares available and retail is about to get sold on the 360 IPO valuation which may top $10b next year