1. Li Guoqing said, ” the sales revenue of Dangdang this year has reached to more than 2 billion RMB, which occupied half of online book retail sales and 10% - 15% of the Chinese book market share, the goal of the next year is to achieve 4 billion.”
2. The co-president of dangdang Peggy Yu has tremendous working experience and foreign study background which makes her a unusual Chinese woman. She created the largest Chinese online mall with more than 40 million registered users. Relied on the Mouse and Concrete business model, and only took 8 years to make Dangdang take the first place in China online book store. As co-president of dangdang Peggy Yu also wanted to repositioned dangdang not just a online book store but a online department store like Wal-Mart, which means the company will competes with Amazon.com-backed Joyo.com in China and Alibaba Group's Taobao.com unit to enter online retail industry
3. Dangdang.com which found in 1999 is known as China's Amazon.com and it is one of the top 1,000 websites in the world
4. The company boasts more than 590,000 book titles, and it sells a variety of other products, including imported CDs and DVDs, electronics, home products, beauty care products, and baby and children's merchandise. It processes orders from 10 logistics centers based in Beijing and other cities.
They can survive. It is just executing with a great user experience and the right products. Right now 360buy.com has the right products with electronics and amazon already has more general merchandise, of course, than dang dang. So if we predict the proper size of their slice we can figure a good entry point.
I dont think you even understand how many people in China we are talking about. A recent study from the consultancy, McKinsey & Co estimated that 6 million people go online for the first time in the country every month, and predicted the Chinese internet population will grow to 750 million in 2015