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He also said that the IPO provided dangdang with enough capital,[link widoczny dla zalogowanych], and the company will improve services to enhance its leading position,[link widoczny dla zalogowanych], keep low-price strategy. Li added that dangdang is considering the possibility of acquiring e-commerce related companies that have already broken even or are profitable.
Dangdang is one of the biggest online retailers in China,[link widoczny dla zalogowanych], and it is the only online B2C (Business-to-Customer) store that has gained an amount equal to that invested. It sells books,[link widoczny dla zalogowanych], clothing and household products in over 750 Chinese cities. Its book selling business occupies around 50 percent of the market share in China,[link widoczny dla zalogowanych], and Dangdang's operating revenues in first three quarters this year totaled 1.57 billion yuan ($235.74 million),[link widoczny dla zalogowanych], increasing by 55.6 percent year-on-year.
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