Dangdang to Operate Exclusive Book and Media Channel on QQ Buy
BEIJING, June 29, 2012 /PRNewswire-Asia/ -- E-Commerce China Dangdang Inc. ("Dangdang") (NYSE: DANG), a leading business-to-consumer e-commerce company in China, today announced the entry into an agreement that gives Dangdang the exclusive right to operate a book and media channel on Tencent's QQ Buy platform. Tencent Holdings Limited ("Tencent") (SEHK 00700) is a leading provider of Internet and mobile and telecommunications value-added services in China.
Pursuant to the agreement, Dangdang will operate a bookstore channel on QQ Buy, making its books and media merchandise available to the users of Tencent. The newly launched bookstore channel will feature Dangdang's complete product selection of 790,000 stock-keeping units (SKUs) for books and media products. Dangdang will commit to nation-wide fulfillment and delivery as well as customer service.
E-Commerce China Dangdang Inc. is a leading business-to-consumer e-commerce company in China. On its website dangdang.com, the Company offers more than 790,000 books and other media products as well as selected general merchandise products including beauty and personal care products, home and lifestyle products, baby, children and maternity products, apparel, digital and electronics products. It also operates the dangdang.com marketplace program, which allows third-party merchants to sell their products alongside products sourced by the Company. Dangdang's nationwide fulfillment and delivery capabilities, high-quality customer service support and scalable technology infrastructure enable it to provide a compelling online shopping experience to customers. For more information, please visit ir.dangdang.com
Safe Harbor Statement for Dangdang
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the quotations from management in this announcement, as well as Dangdang's strategic and operational plans, contain forward-looking statements. Dangdang may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Dangdang's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Dangdang's growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of our products and services; trends and competition in China's business-to-consumer e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese business-to-consumer e-commerce market; Chinese governmental policies relating to Dangdang's industry and general economic conditions in China. Further information regarding these and other risks is included in Dangdang's annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. Dangdang does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and Dangdang undertakes no duty to update such information, except as required under applicable law.
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E-commerce China Dangdang Inc.
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