E-Commerce China Dangdang (DANG) Reports Q2 Loss of 12c/ADS, Offers Q2 Guidance

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Dangdang Announces Unaudited First Quarter 2015 Results

May 28, 2015 7:00 AM EDT

BEIJING, May 28, 2015 /PRNewswire/ -- E-Commerce China Dangdang Inc. ("Dangdang" or the "Company") (NYSE: DANG), a leading business-to-consumer e-commerce company in China, today announced its unaudited financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Highlights

Total net revenues for the first quarter of 2015 were RMB2,217.3 million ($357.7 million), a 27.7% increase from the corresponding period in 2014. Gross Merchandise Value ("GMV") from the marketplace in the first quarter of 2015 was RMB1,771.5 million ($285.8 million), a 49.4% increase from the corresponding period in 2014. The combination of product revenue from... More