360Buy
Estimated Valuation: $5 billion
Last Year's Rank / Valuation: #4 / $10 billion
Business: E-commerce
Location: Beijing, China
More Info: About 360Buy
CEO: Liu Qiangdong
Investors: Digital Sky Technologies and Wal-Mart
Analysis: Described as the Amazon of China, the company was reportedly thinking about a 2012 IPO. It raised $1.5 billion and was valued at $6.4 billion at the beginning of 2011, led by Digital Sky Technologies. It generated $1.7 billion in sales in 2010 and $3.3 billion in 2011.
But its margins are thin and it's reportedly burning through cash. Instead of an IPO, the company is looking to raise a Series D round. Given the tough market and its thin margins, we give 360Buy a 1.5X revenue multiple for a valuation of $5 billion. Caixin reported a similar valuation for the company in May.
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