The Digital Source For China's Tech Innovation Since 2000

Search
Close

Dangdang Obtains Permission For Retail Sales

August 24, 2004
Internet

Following Amazon.com's entry into the Chinese market with the acquisition of Joyo.com last week, Dangdang.com, a large online Chinese publications and video seller is determined to list overseas next year instead of 2007.

According to published reports, Dangdang has just obtained publication retailing permission from the State General Administration of Press and Publication. Amazon.com, even with its purchase of Joyo, apparently still does not have this permission for retail sales in China.

Dangdang claims Amazon.com contacted it as early as 1999 for cooperation. Amazon.com apparently offered US$150 million to acquire 70-90% of the Dangdang's shares, but the Chinese entity turned down Amazon.com.

Tags: acquisition | Amazon | China | Chinese | Dangdang | General Administration of Press and Publication | IT | Joyo | online | overseas | retail | sales | shares | video

Other Related News:

Unimpressive Online Travel Results For eLong.com

August 14, 2007

Vicki Zhao's name was scrubbed from the Chinese internet. Here's what we know so far.

August 29, 2021

CNN thinks Republicans only want to ban TikTok because of Fox News

December 15, 2022

China declares all crypto-currency transactions illegal

September 25, 2021

Uber leak drives down stock, Wynn falls on Macau casino closures, Euro slides

July 12, 2022

China: influencer pinned for tax fraud plunged into digital anonymity

December 22, 2021

Acer To Take Charge Of Founder's PC Businesses

August 12, 2010

Hong Kong proptech start-up Butler expands beyond concierge services, signs up Swire, New World and Sun Hung Kai, eyes Singapore

June 8, 2022

SAP Partners With Neusoft For China Management Solutions

May 22, 2006
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter