Li Guoqing, the trouble causing CEO and co-founder of Chinese etailer Dangdang opened fire again at some of the NYSE-listed company’s peers, criticizing them for unsustainable business or lacking attraction among investors.

At a recent conference organized by Chinese Internet think tank iResearch, Li shot at 360buy.com claiming “the company wouldn’t even survive this August or October” after being asked by the moderator that “in three years who will be the better one, Dangdang or 360buy.com”.

Li went on to explain that (360buy) doing an ecommerce business in hedge fund’s manner was “bullshit” and couldn’t survive long. Eventually 360buy will need to raise a new round of financing or trying to sell shares at NASDAQ after burning out all the raised money. “Dangdang spent two (yuan) while made one. For 360buy and lashou they spent four while made one”, said Li.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.