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.
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 […]
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 […]
Last week, I wrote about express delivery services stopped in China over the Chinese New Year because of not enough capacity. In fact, there are more problems with China’s logistic industry than a simple lack of hands. (But why we are spending so much time discussing warehouses and delivery crew? Isn’t Technode a blog for […]
I found out about this personally when I bought some cat food online. Usually, the delivery boy will come the next day after my order. But, this time, the pet shop owner said there was no longer any express delivery. Just to make sure my cats do not starve to dead, he came the […]
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 […]
Sales of luxury goods grew 12% in 2009, to $9.6 billion, accounting for 27.5% of the global market, according to Bain & Co. In the next five years, China’s luxury spending will increase to $14.6 billion, making it the No. 1 luxury market globally. In 2009, China overtook the U.S. to become the world’s second-largest […]