Rumor: Dangdang to Acquire Mecoxlane, IPO
DoNews, 7/23/10
An industry source has revealed that Li Guoqing, co-president of Chinese B2C e-commerce site Dangdang, met with CEO Gu Beichun of rival e-commerce company Mecoxlane at the start of July for private discussions that reportedly centered on a Dangdang acquisition of Mecoxlane and subsequent IPO. Both Dangdang and Mecoxlane denied the report.
The source revealed that Dangdang has set its sights on acquisitions of B2C apparel sites. The company had previously been in talks with B2C apparel site VANCL, but was unable to reach a final agreement.
Keywords: Gu Beichun Li Guoqing Vancl e-commerce MecoxLane Internet IPO B2C Dangdang M&A apparel
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