The 139shop.com, China's leading mobile phone Internet portal, is preparing to go public on the Nasdaq Stock Market in the United States.

 

A source with the company, surnamed Luo, confirmed on Tuesday that 139shop has received more than US$40 million in investment from four US-based venture capital companies for the planned listing. Luo refused to give the names of the four investors.

 

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.

 

(Xinhua News Agency February 14, 2007)