Muddy Waters Took Another Shot at FMCN: Muddy Waters took another shot at Focus Media’s LCD counts, in its new report out last week, the shorter claimed that Focus Media included 30,500 “mere cardboard posters” into its LCD Network displays to ‘exaggerate’ the number to 185,174.
In Focus Media’s respond to the latest report, the company rebuffed saying it’s nothing new information that its network includes a number of LCD 1.0 picture frame devices because it was already disclosed in its November 29, 2011 press release.
Gome Teams up with Dangdang to Combat 360buy: According to local report. swirling rumor has it that Chinese Bestbuy Gome and Dangdang were in talks probably to compete with 360buy, the 2nd largest B2C site in China by sales.
Dangdang and 360buy has fought with each other over book and 3C business by launching price wars against each other for several times. Though being the largest electronics retailer in China, Gome lagged behind its arch rival Suning in terms of online presence.
Dangdang, 360buy Rebutting ETao Report: Etao, the price engine owned by Taobao published a report claiming 360buy and Dangdang items weren’t cheap anymore due to stealthy price rising, the latter two uncommonly launched concerted effort rebutting Etao’s report, saying Etao’s report aimed at bragging Taobao’s TMall.
360buy Lured Away Execs for Potential IPO: 360buy hired away Shen Haoyu from Baidu and Wu Shen from VANCL last year, and lately the exec “kidnapper” lured away Lan Ye, Acer China exec and Wang Yaqin, Oracle VP to work as CMO and CTO respectively. People are speculating that the company might be preparing for its potential IPO.