Dang is a company existing from 2000, if it was a fraud it would have pumped up the profitnumbers.
Was this ever told? Just google a story in an italian newspaper from today! (corriere.it)
headline: DangDang: l’«Amazon cinese» ora investe nella moda online
in Beijing we are testing the new platform fashion, to officially launch in 2015 - anticipates Yuri Lin, studies overseas in the US where he attended schools of fashion and design, to which Mr. Li Guoqing has entrusted the reins of the new plan of Dang.Dhub -. The idea is to focus on Chinese designers, not only the most known as Alexander Wang and Jason Wu but the new talents who parade in Beijing as in Shanghai. Not forgetting of course the big names of international fashion.
m.o.r.o.n.t, if its the same tone your communicating overhere I understand IR is not responding to you. They did to me.
They didn't released news about it, Chinese media are just writing about it. Seems going to be huge, co-operation with Elle and topdesigners. Also Li was a host a few months ago with a great show pre-announcing Dang.dHub.Now an Italian site made a story about it. Can't blame Dang if American media aren't picking it up.
Besides, China economy is transforming to a services economy (consumption) in stead of industrial which is good for compagnies as DD.
Nobody said its an accounting issue, its rather the launch of the new commercial platform dhub. Because in about two weeks the new autumn/winter collection is going to be presentend in China fashion week.
If you don't know whats it all about, google dang dhub.
Thats political, imo delay has to do with the launch of dhub. Yesterday I found a DD testsite with independant Chinese designers. Can't hold a conference call without naming a concrete date of launching this site aka new strategy.
in combination with the delay of dang dhub .. search for corriere in italy and dangdang (if I copy the link its quckly removed)