E-Commerce China Dangdang (DANG) shares are trading around $9.98. Dangdang is based in China and is often likened to be the Amazon.com of China. These shares have fallen from a 52-week high of $36.40. The 50-day moving average is $11.76. Dang has earnings estimates around break even for 2011, and 8 cents for 2012. This puts the PE ratio at sky high levels but in time, growing profits could make the PE ratio more reasonable. The PE ratio was sky high for Amazon (AMZN) when it was just getting started and that did not stop it from being an incredibly good investment. DANG has posted extremely strong sales growth and with the economy in China poised to grow much faster than the rest of the world for many decades, this stock has explosive potential. The Dangdang website is already ranked as the 68th most popular site in China, and could continue to climb over the years. DANG has a current market cap of about $780 million and an enterprise value of about $526 million due to the cash on the balance sheet of roughly $250 million. An enterprise value of only $526 million for a Internet company, with the 68th most popular website, in a country like China is way too cheap.