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E-Commerce China Dangdang Inc. (DANG)

  • Thu, Jul. 9, 9:18 AM
    • Dangdang (NYSE:DANG) has received a non-binding going-private proposal from chairwoman Peggy Yu Yu and CEO Guoqing Li to acquire the company for $7.812 per ADS - a 20% premium to Wednesday's close.
    • The would-be acquirers currently have a 35.9% stake, and 835% voting power. They intend to finance the acquisition with "a combination of debt and/or equity capital, and rollover equity in the Company."
    • Dangdang has jumped to $7.32 premarket. Plenty of other Chinese companies have received going-private offers over the last two months. Dangdang's offer follows a Chinese market plunge.
  • Thu, May 28, 12:26 PM
    • Though Dangdang (NYSE:DANG) beat Q1 revenue estimates, EPS of -$0.12 was well below a $0.04 consensus. In addition, the Chinese online retailer has guided for Q2 revenue of RMB2.3B ($371M), below a $378.6M consensus.
    • Hurting Q1 EPS: Gross margin fell to 15.2% from Q4's 17.1% and Q1 2014's 18.2%. Dangdang blames "a larger contribution of general merchandise sales as a percentage of total net revenues and a decline in logistics revenue from third-party merchants." Fulfillment was 9.1% of revenue, marketing 4.3%, tech/content 2.8%, and G&A 2.3%.
    • Business performance: Media revenue +9.5% Y/Y to $203.4M; general merchandise +71.8% to $143.2M; other revenue +1.9% to $11.1M. Active customers +46% Y/Y to 10.2M; total orders +29% to 21.3M (41% via mobile).
    • Shares are less than $1.50 removed from a 52-week low of $7.49. The company's Q1-ending cash balance of $267.1M is equal to 32% of its $843M market cap.
    • Q1 results, PR
    | 1 Comment
  • Thu, May 28, 7:07 AM
    • E-Commerce China Dangdang (NYSE:DANG): Q1 Non-GAAP Net Loss of $9.35M
    • Revenue of $357.7M (+28.1% Y/Y) beats by $1.92M.
    • Press Release
    | Comment!
  • Wed, May 27, 5:30 PM
  • Tue, Mar. 31, 2:20 PM
    • In addition to beating Q4 estimates, Dangdang (NYSE:DANG) is guiding for Q1 revenue of RMB2.2B ($354.8M), +28% Y/Y and above a $353.5M consensus. Marketplace GMV is expected to rise 49% to RMB1.77B ($285.8M).
    • Active customers +10% Y/Y in Q4 to 9.8M; new customers +20% to 3.7M. Total orders +13% to 20.4M, with mobile accounting for 31%. Media revenue +21.8% to $234.5M; general merchandise +41.7% to $154.7M; Other revenue -9.7% to $14.5M. Marketplace GMV +61.2% to $362.2M.
    • Thanks to a mix shift towards general merchandise sales, gross margin fell to 17.1% from 17.6% in Q4 2013. Fulfillment spend fell to 8.8% of revenue from 9.4%, and G&A to 1.7% from 0.6% (depressed last year by VAT refunds). Tech/content spend rose to 2.6% of revenue from 2%, and marketing to 4.8% from 4.2%.
    • With Dangdang having gone into earnings down nearly 50% from a 52-week high of $16.42, expectations were fairly low.
    • Q4 results, PR
    | Comment!
  • Tue, Mar. 31, 8:09 AM
    • E-Commerce China Dangdang (NYSE:DANG): Q4 EPS of $0.07 beats by $0.01.
    • Revenue of $403.73M (+23.9% Y/Y) beats by $1.14M.
    • Shares +1.43% PM.
    • Press Release
  • Mon, Mar. 30, 5:30 PM
  • Wed, Mar. 25, 5:30 PM
  • Wed, Mar. 11, 1:44 PM
    • Citing "a scheduling issue," Dangdang (NYSE:DANG) is pushing back the release of its Q4 report to point later this month; no specific date has been given. The Chinese online retailer previously planned to report on Thursday morning.
    • Shares are now less than $0.50 above a 52-week low of $7.76.
  • Tue, Feb. 17, 2:46 PM
    • Vipshop (VIPS +14.4%) has surged to new 52-week highs after trouncing Q4 revenue estimates (and posting a more moderate EPS beat) and guiding for Q1 revenue of $1.25B-$1.3B (above a consensus of $1.22B and good for 78%-85% Y/Y growth). Given the company's history, the guidance might be conservative.
    • Vipshop's active customers rose 114.2% Y/Y in Q4 to 12.2M, and its orders rose 99.6% to 35.3M. Mobile made up a whopping 66% of GMV, up from Q3's 57% and above Alibaba's 42%.
    • Gross margin rose 40 bps Y/Y to 24.9%, and operating expenses grew 115% to $287.5M (exceeded revenue growth of 108.9%). Fulfillment spend  +73.9%; marketing +135.5%; tech/content +168.9%; G&A +209.2%.
    • Chinese e-commerce peers (JD +2.4%), Dangdang (DANG +5.8%), and LightInTheBox (LITB +3.4%) are following Vipshop higher. Vipshop and have both argued their internal logistics/fulfillment investments give them an edge over many of the sellers relying on Alibaba's platforms.
    | Comment!
  • Nov. 25, 2014, 5:44 AM
    • E-Commerce China Dangdang (NYSE:DANG): Q3 EPS of $0.05 misses by $0.01.
    • Revenue of $326.3M (+30.9% Y/Y) beats by $2.86M.
    • Press Release
    | Comment!
  • Nov. 24, 2014, 5:30 PM
  • Aug. 14, 2014, 10:52 AM
    • Though Dangdang (NYSE:DANG) beat Q2 estimates, it's guiding for Q3 revenue of RMB1.984B ($322.5M), below a $325.7M consensus. Marketplace GMV is expected to grow 80% Y/Y.
    • Q2 media revenue +43.5% Y/Y to $218.6M, general merchandise +8.2% to $84.5M, other revenue +26.1% to $13M. Marketplace GMV +81.6% to $230.7M.
    • Gross margin rose to 18.3% from 18.2% in Q1 and 17.1% a year ago. Fulfillment spend fell to 9.7% of revenue from 12% a year ago; marketing spend to 4.2% from 5.1%; tech/content spend to 2.4% from 3.1%; and G&A to 2.1% from 2.3%.
    • Active customers totaled 8.5M, up 23% Y/Y but down slightly Q/Q. Total orders rose 10% Y/Y and slightly Q/Q to 16.5M. Mobile accounted for 17% of orders (22% in June).
    • Peer Vipshop is selling off in spite of providing a Q2 beat and strong guidance. Online cosmetics retailer Jumei (JMEI -3.6%) is following Dangdang and Vipshop lower ahead of its Aug. 18 Q2 report.
    • Q2 results, PR
    | Comment!
  • Aug. 14, 2014, 6:01 AM
    • E-Commerce China Dangdang (NYSE:DANG): Q2 EPS of $0.06 beats by $0.04.
    • Revenue of $316.1M (+29.9% Y/Y) beats by $1.82M.
    • Press Release
    | Comment!
  • Aug. 13, 2014, 5:30 PM
  • Aug. 7, 2014, 12:13 PM
    • T.H. Capital has upgraded Dangdang (DANG +5.2%) to Buy, and set a $17 target.
    • The upgrade comes ahead of the Chinese online retailer's Aug. 14 Q2 report. Dangdang plunged in May following a Q1 revenue miss, but has since more than recovered its losses.
    | Comment!
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Company Description
E-Commerce China Dangdang Inc is aB2C e-commerce company in China.The Company is engaged in selling books online. It is alsoengaged in other media products and selected general merchandise categories.
Sector: Services
Country: China