China's "Amazon" Receives Venture Capital

From ShanghaiDaily:

"Dangdang.com, China's version of amazon.com, received a venture capital investment last Friday, probably the last VC investment before a long-awaited initial public offering on Nasdaq, the Beijing-based online retailer disclosed yesterday.

The investment figure, which Dangdang declined to reveal yesterday, was US$30 million and investors have 12 percent of dangdang.com now, according to sohu.com, quoting Li Guoqing, dangdang's co-president."

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