Beijing Dangdang Network Information Technology Co., Ltd., one of the top ten shopping websites, a world-renowned comprehensive online shopping mall, an online shopping mall famous for selling Chinese books, mainly engaged in books/mother and baby/beauty/clothing/home textiles, etc
Dangdang (www.dangdang.com) is a world-renowned comprehensive online shopping mall, which is jointly invested and established by the well-known domestic publishing organization Kewen Company, the American Tiger Fund, the American IDG Group, the Luxembourg Cambridge Group, and the Asia Venture Capital Fund (formerly known as SoftBank China Venture Fund).
From November 1999, Dangdang.com (www.dangdang.comSince its official opening, Dangdang has expanded from the early online book sales to the online sales of various categories of department stores, including dozens of categories such as books, audio-visual, beauty, home, mother and child, clothing and 3C digital, including more than 800,000 kinds of books and audio-visual products in the library, and more than 50 kinds of department stores; At present, Dangdang has registered users in 32 provinces, municipalities, autonomous regions and municipalities directly under the central government, with 4.5 million independent UVs every day and more than 200,000 packages sent out every day; In terms of logistics, Dangdang has 21 warehouses in 11 cities across the country, with a total of more than 370,000 square meters, and provides same-day delivery services in 21 cities, next-day delivery services in 158 cities, and night delivery services in 11 cities.
In addition to books, mother and baby, beauty, clothing, and home textiles are the four target categories that Dangdang focuses on developing, among which Dangdang Baby is already the largest online store in China, and beauty is the top five online stores in China. Dangdang is still vigorously developing its own brand Dangdang excellent products. At the same time, the format of the business expanded from the online department store to the online shopping center, Dangdang is also vigorously opening up the platform, the number of Dangdang platform stores has exceeded 14,000, 2012 Q3 and 2,000 new merchants, at the same time, Dangdang is also actively going out, in Tencent, Tmall and other platforms to open flagship stores.
Dangdang was officially listed on the New York Stock Exchange on December 8, 2010, becoming the first B2C online mall in China to be listed in the United States based entirely on online business. Since the roadshow stage, Dangdang has been sought after by a large number of funds and stock investors for its broad development prospects, and its stock price rose by 86% on the day of listing, and with a high PE of 103 times and an IPO financing amount of 313 million US dollars, it has set two record highs for the price-earnings ratio of Chinese companies listed overseas and the financing amount of high-tech companies in the Asia-Pacific region in 2010.
On September 21, 2016, Dangdang announced that its privatization was completed and delisted from the New York Stock Exchange on the same day.For the delisting, the management of Dangdang believes that in the context of domestic consumption upgrading and cultural development, it will be conducive to Dangdang to seize new historical opportunities and integrate into local development.
