suning and gome have launched a huge price war against 360buy because a successful 360buy IPO will be a huge threat to them. DANG has lend its 3C platform to gome. 360buy will likely run out of cash by the end of the year. With DANG's less than $500M market capital, it'll be impossible for 360buy to get a $5B+ valuation. 360buy has bought a significant amount of lands in the past years, but it needs $2B to build out the warehouse. Let's hope 360buy fall off cliff soon.
It's CFO's job to communicate with Wall Street with company's strategy and forecast. It seems DANG's CFO did a lousy job for that. He should be fired, Period.
Didn't the CEO of DANG also stated that 360buy will be running out of money soon. It would be foolish for the CEO to state that if he wasn't truthful or at least had good reasons to state that. What does this mean for DANG's pps? $15?