QUOTE AND NEWS
Benzinga  Jul 30  Comment 
E-Commerce China Dangdang Inc. (NYSE: DANG) today announced that the special committee (the "Special Committee") of the Company's board of directors has retained Duff & Phelps (Duff & Phelps, LLC and Duff & Phelps Securities, LLC) as its financial...
SeekingAlpha  Jul 23  Comment 
newratings.com  Jul 13  Comment 
BEIJING (dpa-AFX) - E-Commerce China Dangdang Inc. (DANG) Monday said its board of directors has formed a special committee consisting of three independent, disinterested directors, Ruby Rong Lu, Ke Zhang and Xiaolong Li, to consider the...
TheStreet.com  Jul 9  Comment 
NEW YORK (TheStreet) -- Shares of E Commerce China Dangdang  are up 5.68% to $6.88 as U.S- traded China-based stocks climb today following China's market recovery. E-Commerce China Dangdang is a business-to-consumer (B2C) company that is...
Benzinga  Jul 9  Comment 
E-Commerce China Dangdang Inc. (NYSE: DANG) (the "Company"), a leading business-to-consumer e-commerce company in China, today announced that that its Board of Directors (the "Board") has received a non-binding proposal letter, dated July 9, 2015,...
TheStreet.com  Jul 8  Comment 
NEW YORK (TheStreet) -- Shares of E Commerce China Dangdang  are slipping, down 4.12% to $6.41 as China stock market continues to plunge. E-Commerce China Dangdang is a business-to-consumer (B2C) company that is principally engaged in the...
TheStreet.com  Jun 17  Comment 
NEW YORK (TheStreet) -- Shares of E-Commerce China DangDang were gaining 5% to $10.71 on heavy trading volume Wednesday as Chinese stocks rally following Qihoo 360's buyout offer. Qihoo 360 CEO Hongyi Zhou and other shareholders offer to...




 
TOP CONTRIBUTORS

E-Commerce China Dangdang (NYSE:DANG) is a large e-commerce company based in China. The company focuses on selling books and publications, but also has general merchandise such as beauty, clothing, and lifestyle products. The company offers cash-on-delivery payment options, which is a popular payment method in China, in 750 cities. In addition, the company allows online payments, online transfers, and postal remittance.[1]

Dangdang expects that the Chinese retail industry will continue to experience growth. From 2005 to 2009, the industry has grown by a compounded annual growth rate of 10.7%. As China's middle class grows, the number of internet users will continue to rise. The growing middle class also increases the educated population which are more likely to purchase books. In addition, the book retail market is highly fragmented, and the majority of book retailers are province specific chains.[2]

The company's initial public offering of stock on the NYSE occurred on December 7, 2010. The company offered 17M ADSs each for $16. The company's initial price range $11-$13, however it revised its range to $13-$15. The IPO raised $272M for the company.[3]

Dangdang's total revenue increased by 86% from 2008 to 2009. The company reported total revenues of 1,297M RMB in 2009. Dangdang also reported a net income of 17M RMB in 2009 which was a rise from the 82M RMB loss the company reported in 2008. [4]

References

  1. DANG F-1/A 2010 PROSPECTUS SUMMARY "Our Business" pg 1
  2. DANG F-1/A 2010 PROSPECTUS SUMMARY "Our Industry" pg 2
  3. Renaissance Capital - IPO Home "E-Commerce China Dangdang prices IPO at $16, above its upwardly revised range" 7 Dec 2010
  4. DANG F-1/A 2010 PROSPECTUS SUMMARY "OUR SUMMARY CONSOLIDATED FINANCIAL DATA" pg 10
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