Sina Tech, 6/15/09
Li Guoqing, CEO of Chinese online retailer Dangdang, has addressed acquisition rumors, saying that that the rumors are not completely unfounded, but adding that the company courting Dangdang is not rival B2C e-commerce firm Joyo-Amazon, but another rival that has been the company's competitor for five years.
Industry rumors today say Dangdang will be acquired by an overseas investment firm. Spokespeople for both Joyo-Amazon and Taobao have said they are unaware of any plans to acquire Dangdang.
Editor's Note: Li Guoqing denied acquisition rumors in May. Please see "Dangdang Realizes Profitability, Denies Acquisition Rumors, MD, 5/31/09 issue.