Yunji Inc., a Chinese membership e-commerce company, has set the terms for its U.S. listing, with plans to raise $162 million.

The company intends to offer 13.5 million American depositary shares (ADS) at a price range of $11 to $13 million.

Yunji's existing shareholders, Crescent Point and Trustbridge Partners, have indicated interest to buy $100 million worth of ADSs in the listing, or about 62 percent of the offering.

The initial public offering will give the company a fully diluted market value of $2.8 billion at the midpoint of the proposed range.