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.
dude...there isn't a company or entity in the world with more net cash than its' market capitalization. All market caps include net cash. Why don't you list all these great chinese companies w/ p/e's under 5 with more cash than their market caps? Just another fool with a keyboard you are.
You know why i like this, LOOSER? Maybe because its a legitimate company, that's growing at a pace of 50% a year? Maybe because it has tons of cash? Maybe because it grows in the most profitable sector in China?