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DiscoveringStartups -Tech Startup Reviews
In response to the swirling rumor about “360buy resumed IPO process”, the Beijing-based B2C giant issued a statement last night to rebut the claim. 360buy reiterated in the statement that it has no intention to go public anytime soon, and it never shared any IPO-related information or financial data with investment banks. A recent report... Li Guoqing, the trouble causing CEO and co-founder of Chinese etailer Dangdang opened fire again at some of the NYSE-listed company’s peers, criticizing them for unsustainable business or lacking attraction among investors. At a recent conference organized by Chinese Internet think tank iResearch, Li shot at 360buy.com claiming “the company wouldn’t even survive this August... DangDang.com (NYSE:DANG), China’s largest online book store is going through some major problems at the moment.

