Dangdang was once a top e-commerce platform, but a drawn-out power struggle as well as divorce drama between Li and his ex-wife and co-founder has clouded the company’s future.
Chaos in the C suite at Dangdang, Arm China, and Bitmain as managers test the limits of their powers—and sometimes sideline their own boards.
Despite Dangdang’s early rise to prominence, the online bookseller is gradually losing the battle with younger competitors.
Rumors have circulated for some time that Taobao Read (our translation), the digital publishing business of Alibaba Group, was dissolved last month. An anonymous Taobao Read employee and other people close to the matter have confirmed the closure at Zhihu.com, a Quora-like Q&A and content sharing platform. The Taobao Read app and published e-books currently […]
DangDang.com (NYSE:DANG), China’s largest online book store is going through some major problems at the moment. Firstly, financially they have recorded three consecutive quarters of losses due to setting lower prices and promotions to attract customers away from 360Buy.com and TMall.com. Shares have dropped 84 percent last year, falling below the December 2010 initial public […]
Everywhere I go, I see people reading something on their mobile, iPad or Kindle. At least in Beijing, people make long journeys on public transport, to and from work, so they need to make good use of their travel time. Realizing the big market size, DangDang, a ‘Chinese Amazon’ is releasing its own version of […]
TechWeb today published a long article to condemn both sites, Amazon China and Dangdang are selling counterfeit products
Analysis International releases its research data on Chinese B2C online retail market share in Q1, 2011. It says that in Q1, 2011 the total transaction value of Chinese B2C online retail market has reached rmb 47.07 billions (~$7.3 billions). Taobao is still leading the market (31.4%), followed by 360buy (10.2%), Joyo (Amazon China, 2.3%) and […]
Two of the largest online retailers in China are having a price war. One of them is Dangdang, a leading online book store in China that has just listed in Nasdaq. Another is 360buy, the largest online retailer in China by revenue and the most aggressive player in the industry. (Here is an article from […]
Liu Qiangdong, the chairman of 360buy, the biggest 3C online retailer in Chinese B2C market, today disclosed its series C venture investment, the amount is over $500million. Liu said this round of investment is not from venture capitals, but also from some strategic investor including Walmart and other six large internet companies. Walmart is starting […]