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Taobao Dissolves Its Digital Publishing Division

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 […]

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DangDang.com is in Trouble

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 […]

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DangDang To Launch Kindle-Like E-book Reader

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 […]

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Chinese B2C Online Retail Market Share in Q1 2011

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 […]

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Price War: 360buy Vs. Dangdang

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 […]

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Dangdang.com Goes Public in Nasdaq Next Month

I was having a lunch with a friend today. And he told me, next month, i.e. November, the largest Chinese online book retailer, Dangdang, will be going public in Nasdaq. As one of the first major Chinese e-commerce sites going public, it must create lots of fuss. I heard from an investment bank source that […]