Compared to other Chinese stocks this is overvalued
There are currently many Chinese stocks that are highly profitable, growing rapidly, and have PE ratios under 5 with MORE net cash (cash minus debt) than their entire Market Capitalization!
DANG is not profitable and has let net cash than their market cap. So why do people think it "undervalued"?
And why do people keep comparing this to "amazon"... For every "amazon"? This is not the #1 ecommerce company in China, not even close! It's more reasonable to state this company might be the "Overstock" of China.