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Citic Weighing Sale of Controlling Stake in China’s EBeauty, Sources Say

  • Buyout firm seeking up to $2 billion valuation for EBeauty
  • EBeauty’s Hong Kong IPO has stalled due to volatile markets

Chinese buyout firm Citic Capital is weighing a sale of its controlling stake in EBeauty Holdings Cayman Ltd. after a planned initial public offering stalled amid market volatility, people familiar with the matter said. 

Citic is seeking a valuation of as much as $2 billion for the provider of e-commerce services to the cosmetics industry in China, said one of the people, asking not to be identified as the information is private.