Jul 23, 2010
An industry source has revealed that Li Guoqing, co-president of Chinese B2C e-commerce site Dangdang, met with CEO Gu Beichun of rival e-commerce company Mecoxlane at the start of July for private discussions that reportedly centered on a Dangdang acquisition of Mecoxlane and subsequent IPO.
Chinese enterprise management software developer UFIDA (600588.SH) has announced that its board of directors approved a motion to merge its wholly-owned subsidiary Beijing Chunyuan Technology Development into its controlled subsidiary Beijing Ufida Government Software, after which the latter company will continue to exist while the former company will be cancelled.
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