Ecmoho, an online marketplace for non-medical wellness products, has filed with the Securities and Exchange Commission (SEC) to raise $150 million in an initial public offering (IPO) in the US.
The planned IPO comes as China’s health and wellness industry, which encompasses both medical and non-medical services and products, grew at a total CAGR of 13 per cent from 2014 to 2018, according to a Frost & Sullivan study.
