Chinese cosmetics retailer Jumei.com has plans for an initial public offering in the US, reports The Wall Street Journal.
The Beijing-based company sells cosmetics brands such as Dior and Lancome, generally through flash sales on the Internet and mobile apps.
The IPO, which is expected later this year, may raise $600 million at a valuation of $3 billion for the company.
Jumei is a player in the $24 billion Chinese cosmetics market and is estimated to have over $1 billion in sales in 2013 and is profitable.
The company has received venture money from US and European firms, including Sequoia Capital.
Recently, there has been a flurry of Chinese Internet companies who are positioning for IPOs, including Beijing-based retailer JD.com and Chinese e-commerce company, Alibaba.