Marbridge Daily

<- June 22, 2011 ->

Dangdang to Purchase Up to RMB 300 Mln in General Merchandise

CCID, 6/21/11

Jiang Qiang, VP of general merchandise for Chinese B2C e-commerce site Dangdang (NYSE: DANG), announced today that Dangdang plans to procure RMB 200-300 mln worth of general merchandise at a purchasing fair it will hold in Guangzhou on June 23. The fair will solicit products for direct sale by Dangdang covering eight major categories: apparel/footwear/headwear, cosmetics, home textiles and furnishings, small appliances, foodstuff, suitcases/bags/watches/accessories, childcare products and toys, and consumer electronics/computers.

According to Jiang, Dangdang intends to set up local purchasing centers in Guangzhou and Shanghai in August this year, a move aimed at expanding the company's local purchasing teams.

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