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China’s Baozun Picks Banks for Hong Kong Second Listing

  • E-commerce service provider taps Citi, CMBI, Credit Suisse
  • JD, NetEase raised billions in Hong Kong share sales in June

Chinese e-commerce service provider Baozun Inc. has selected banks for its planned second listing in Hong Kong, which could happen as soon as September, according to people familiar with the matter.

The U.S.-traded company is working with Citigroup Inc., CMB International Capital Corp. and Credit Suisse Group AG on the listing, the people said. Its Hong Kong share sale could raise as much as $500 million, said one of the people, who asked not to be identified as the information is private.