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Chinese Cosmetics Retailer Jumei.com Said to Plan U.S. IPO

Jumei.com, a Chinese e-commerce company that sells cosmetics, is planning a U.S. initial public offering and will seek to raise about $500 million, two people with knowledge of the matter said.

Jumei, which sells products from Clinique lotion to Kiehl’s toner, is working with Goldman Sachs Group Inc. and Credit Suisse Group AG on a public listing in New York, said the people, who asked not to be identified because the process is private.