Jumei.com reportedly planning New York IPO

A Chinese netizen browses the website of online cosmetics retailer site Jumei.com in Tianjin, China, Feb 13, 2014. [Photo/dfic.cn]

Jumei.com, an e-commerce company that sells cosmetics, is planning a US initial public offering and will seek to raise about $500 million.

Jumei, which sells products from Clinique lotion to Kiehl's toner, is working with Goldman Sachs Group Inc and Credit Suisse Group AG on a public listing in New York, said two people, who asked not to be identified.

The China-based company would join JD.com, in seeking capital in the US. JD.com recently filed document showing plans to raise $1.5 billion in a New York offering.

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