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China's Dangdang files for $200m US IPO

China's Dangdang files for $200m US IPO

Write: Mani [2011-05-20]

E-Commerce China Dangdang Inc, the Chinese equivalent of Amazon.com, filed with the US regulators to raise up to $200 million in an initial public offering of American Depositary Shares.

The China-based e-commerce company said in a regulatory filing that it would use the net proceeds to broaden its product categories and enhance technology infrastructure.

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