Oppenheimer starts coverage of Chinese ecommerce firm Dangdang (DANG -1.4%) with a Perform...

|By:, SA News Editor

Oppenheimer starts coverage of Chinese ecommerce firm Dangdang (DANG -1.4%) with a Perform rating. But one China stock skeptic points out that after 11 years, Dangdang "only eked out $2.4M in profit." And "80% of its revenue comes from selling books that cost less than $3."