Dangdang CEO Confirms Acquisition Rumor

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.

Keywords: M&A Amazon B2C Dangdang e-commerce Internet Joyo Li Guoqing Taobao B2C

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily