Dangdang Reports Profits of 30 Million Yuan in 2010
Published:
2011-03-11
Dangdang Net, China’s leading online shopping platform, has reported net profits of 30.8 million yuan last year, up 82% from the previous year, according to its annual report released on Wednesday. The report states that the online retail giant spent 21.20 million yuan on promotion in the last quarter of 2010, up 89% from 2009, because of the price war with competitor 360buy.
Source
The Beijing News
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