QUOTE AND NEWS
TheStreet.com  May 28  Comment 
NEW YORK (TheStreet) -- Shares of E-Commerce China Dangdang Inc. are falling by 13.56% to $8.86 on heavy volume in early afternoon trading on Thursday, after the China-based business to consumer e-commerce company reported an earnings...
Benzinga  May 28  Comment 
NeoStem Inc (NYSE: NBS) shares fell 22.05 percent to $2.05 after the company priced 12,500,000 shares of common stock at a price of $2.00 per share. Tilly's Inc (NYSE: TLYS) shares slipped 17.77 percent to $10.69 after the company issued a weak...
SeekingAlpha  May 27  Comment 
Benzinga  Apr 1  Comment 
On CNBC's Fast Money Final Trade, Brian Kelly said that D.R. Horton, Inc. (NYSE: DHI) gained 1.68 percent on an upgrade and on better than expecting housing sales. He would start taking off one-third of a position and continue doing so as the...
Motley Fool  Mar 31  Comment 
Is E Commerce China Dangdang's pop meaningful? Or just another movement?




 
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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