China's Internet Firms Issue IPOs in US Stock Market
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A staff member of Dangdang.com, the No. 1 business-to-consumer brand in China, which is also labeled as "China's Amazon" by many investors, works as many newly-published books are piled up around her, at Dangdang's office in Beijing, capital of China, Dec. 9, 2010. Dangdang and China's another major internet company Youku issued their initial public offerings (IPO) in the US market on Wednesday, meeting great demand from US investors. Through this IPO, Dangdang raised more than US$200 million in proceeds, which was expected to provide a boost for the online retailer. [Xinhua]
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A visitor passes by the front desk of Dangdang.com, the No. 1 business-to-consumer brand in China, which is also labeled as "China's Amazon" by many investors, at Dangdang's office in Beijing, capital of China, Dec. 9, 2010. Dangdang and China's another major internet company Youku issued their initial public offerings (IPO) in the US market on Wednesday, meeting great demand from US investors. Through this IPO, Dangdang raised more than US$200 million in proceeds, which was expected to provide a boost for the online retailer. [Xinhua]
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