Dangdang
 | This article contains content that is written like an advertisement. (November 2011) |
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| Type of business | Public company |
|---|---|
Type of site | E-commerce |
| Available in | Chinese |
| Traded as | NYSE: DANG NASDAQ-100 Component S&P 500 Component |
| Headquarters | Beijing, People's Republic of China |
| Area served | People's Republic of China |
| Founder(s) | Peggy Yu Li Guoqing |
| Key people | Yu Yu (Executive chairwoman) |
| Industry | Online shopping |
| Employees | 2,907[1] |
| URL | Dangdang.com |
| Advertising | Web banner |
| Launched | 1999 |
E-commerce China Dangdang Inc. (Chinese: 当当网), known as Dangdang, is a Chinese electronic commerce company, founded by Peggy Yu and Li Guoqing in 1999.[3] It is headquartered in Beijing and its main competitors are Amazon.cn (or Amazon China, formerly Joyo.com) and JD.com (or Jingdong, formerly 360buy.com). The competition escalated into a price war in December 2010, with each retailer marking down a wide range of items, especially books.[4] DangDang made an IPO on the NYSE in November 2010, estimated at approximately US$1 billion.[3]
Dangdang's main product categories include household merchandise, cosmetics, digital, home appliances, books, audio, and dozens of clothing and maternal and child categories. There are over 10 million new registered customers per year in Dangdang .[citation needed] More than 100 thousand people buy things from Dangdang each day. There are about 30 million people a month browse different kinds of products each month. The monthly sale of goods in Dangdang is over 20 million.
Dangdang sells over 200,000 kinds of books and 10,000 kinds of software and audio products, which make up 90% of the category in China mainland. There are about 3,000 employees in Dangdang, and its customers are among 50 countries, and over 40% B2C customers in China have shopping experiences with Dangdang.[5]
History
- Nov-1999: Website launched
- Feb-2000: Dangdang raises venture capital
- Jul-2001: Daily unique visitors exceed 500,000, Dangdang becomes the busiest books and video store
- Feb-2004: Dangdang raises a second round of venture capital of $11 million from Tiger Management
- Apr-2004: Dangdang expands their business to general merchandise, and has sold commodities
- Jul-2006: Dangdang raises a third round of venture capital of $27 million from DCM, Walden International and Alto Global Investment
- Oct-2006: Dangdang launches a personalized product recommendation function
- Sep-2009: Dangdang is the first to introduce mobile device purchasing options in Chinese B2C e-commerce
- Dec-2010: Dangdang is successfully listed on the NYSE in the U.S.
- July-2015: Dangdang announced going-private proposal from its CEO and Chairwoman Peggy Yu , with a valuation of $630 million, less than half of its IPO valuation.[6]
- August-2015: Dangdang shareholders widely protested against the lowest buyout offer among all Chinese ADRs seeking to go-private by its management team and launched a shareholder activism website -dangdangfacts.com
References
- ^ http://www.google.com/finance?cid=3781006
- ^ "Dangdang.com Site Info". Alexa Internet. Retrieved 1 April 2014.
- ^ a b Sherman So (27 October 2010). "Dangdang heads for Nasdaq". Asia Times. Retrieved 7 February 2011.
- ^ "360buy.com in Price War with Dangdang, Joyo Amazon". Trading Markets. 22 December 2010. Retrieved 7 February 2011.
- ^ "Dangdang Current Finance Status". JRJ. 9 November 2011. Retrieved 9 November 2011.
- ^ Michael, Santoli (17 July 2015). "Shanghai stock rout invites timely buyout bids for U.S.-listed Chinese firms". Yahoo Finance. Retrieved 17 July 2015.
External links
- Official website Template:Zh icon
- Shareholder Activism|http://www.dangdangfacts.com/
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