Dangdang Revenues to Reach RMB 10 Bln in Three Years
Sina Tech, 10/21/09
Li Guoqing, co-president of Chinese online retailer Dangdang.com, has predicted today that in three years' time, Dangdang's total operating revenues will reach RMB 10 bln, of which 50% will come from online general product sales. Li predicted that online book sales this year will top RMB 2 bln. Dangdang figures show that monthly net profits from March to September of this year reached 1%.
Asked about the company's plans to list, Li said Dangdang's target would be a 100:1 price-to-earnings ratio assessment. Dangdang has so far made share buybacks through two rounds of purchases made with its own capital.
Keywords: forecast e-commerce Li Guoqing Internet Dangdang B2C IPO revenue
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