JiaLian Technologies (JLCN) Files for Proposed IPO

JiaLian Technologies (NASDAQ: JLCN) has filed for a proposed IPO.

The company describes itself as: "We are a pioneer in creating an integrated B2B e-commerce solution for large parcel merchandise. Our B2B e-commerce platform, known as the “Yunnan Jialian Big Data Service Platform,” integrates services ranging from product discovery, payments, and logistics into a single user-friendly platform. Our marketplace connects manufacturers, primarily located in China, with resellers across global markets such as the U.S., Asia, and Europe, enabling seamless cross-border transactions with confidence, speed, and efficiency. We provide a comprehensive solution that transports products directly from manufacturers’ warehouses to end customers at a fixed price. The Yunnan Jialian Big Data Service Platform was launched in January 2021, initially focusing on the furniture market, and has since expanded into additional categories such as home appliances and fitness equipment. It is one of the fastest-growing large-parcel B2B platforms, achieving gross merchandise value (GMV) of $190.5 million, $414.2 million, and $438.1 million in 2022, 2023, and the 12 months ended March 31, 2024, respectively."

Aegis Capital will serve as sole underwriter.

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