Alibaba owns almost 9% of the Chinese social media jnfluencer network, which has filed to go public in the US.

Ruhnn, a China-based backed social influencer network backed by e-commerce firm Alibaba, filed yesterday to raise up to $200m in an initial public offering on the Nasdaq Global Market. Founded in 2016 as Hanyi E-Commerce, Ruhnn operates an ecosystem of influencers – popular online figures who leverage their social media presence to sell products –…

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