March 26, 2017 3:47 AM ET

Internet and Direct Marketing Retail

Company Overview of E-Commerce China Dangdang Inc.

Company Overview

E-Commerce China Dangdang Inc. operates as a business-to-consumer e-commerce company in the People’s Republic of China. It primarily sells books, periodicals, electronic publications, consumer electronics, and audio-visual products through its Website dangdang.com, as well as through mobile shopping application. The company also sells general merchandise products, including fashion, apparel, and accessories; beauty and personal care products; home and lifestyle products; baby, children, and maternity products; and footwear, handbags, and luggage. In addition, it operates the dangdang.com marketplace program, which enables third-party merchants to sell general merchandise products. The compan...

Jing An Center

21st Floor

No. 8 North Third Ring Road East

Chaoyang District

Beijing,  100028

China

Founded in 2000

2,917 Employees

Phone:

86 10 5799 2666

Key Executives for E-Commerce China Dangdang Inc.

Co-Founder, Chief Executive Officer, Director and Chief Executive Officer of Beijing Dangdang Information Technology Co Ltd
Age: 52
Co-Founder, Executive Chairwoman, Interim Chief Financial Officer and Executive Chairwoman of Beijing Dangdang Information Technology Co Ltd
Age: 51
Senior Vice President of Publications Department, Children’s Books Department, Digital Music & E-Books Department and General Merchandise & Electronics Department
Age: 46
Chief Editor
Age: 50
Head of Technology
Compensation as of Fiscal Year 2016.

E-Commerce China Dangdang Inc. Key Developments

Sadis & Goldberg LLP Files Class Action Suit against E-Commerce China Dangdang, Inc. for Going-Private Transaction

Sadis & Goldberg LLP announced that a class action has been commenced in the United States District Court of the Southern District of New York on behalf of former minority common stockholders of E-Commerce China Dangdang Inc. who held company common stock at any time between May 28, 2016 and the September 20, 2016 closing of a merger transaction. The complaint charges company, some of its affiliates, and certain of its officers and directors with violations of the Securities Exchange Act of 1934 as well as common law claims for breach of fiduciary duties and misrepresentation. On May 28, 2016, company's board of directors agreed to sell Dangdang in a going private-merger to a buyers group that included its controlling stockholder and that held as a group over 80% of the voting power. The board did so while rejecting a higher offer from an independent third-party bidder. The complaint alleges that the defendants form 13E-3 and related disclosures, filed in June 2016 were materially misleading in claiming that the special committee that voted to accept the low bid from the controlling group had independent control of the sales process and that the merger was procedurally fair when in fact the special committee was not independent, did not engage the services of independent counsel, and the going-private merger was not entirely unfair. These misrepresentations violated Section 13(e) of the Exchange Act and Rule 13e-3 there under. Plaintiffs seek to recover damages on behalf of all holders of company common stock during the Class Period, including the fair value of their common stock cashed out in the Going-Private transaction.

E-Commerce China Dangdang Inc. Files Form 15

E-Commerce China Dangdang Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A common shares, par value $0.0001 per share, American depositary shares, each representing five Class A common shares under the Securities Exchange Act of 1934, as amended.

E-Commerce China Dangdang Inc.(NYSE:DANG) dropped from S&P Global BMI Index

E-Commerce China Dangdang Inc.(NYSE:DANG) dropped from S&P Global BMI Index

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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