Mr. Jun Zou, the chief financial officer ("CFO") of
E-Commerce China Dangdang Inc.
) recently announced his decision to step down for personal
reasons, effective from Apr 10, 2014.
The company has begun its search for a new candidate. During the
search phase, Peggy Yu Yu will act as the interim CFO. Yu Yu is a
co-founder and has been acting as executive chairwoman since the
company's inception. Her extensive knowledge will continue to
guide the company till a new director is appointed.
E-Commerce China Dangdang is a leading business-to-consumer
e-commerce company in China. It sells books and media products
and general merchandise through its website dangdang.com. Apart
from its own products, it also allows third party merchants to
sell their products under the dangdang.com marketplace program.
Over the last four quarters, the company has been witnessing a
positive trend and has registered an average positive surprise of
59.24%. On Feb 27, 2014, this Zacks Rank #2 (Buy) company
posted fourth quarter results with earnings and revenue beating
the Zacks Consensus Estimate. The results were driven by the
company's strategy to transform from an online bookstore into an
integrated online shopping mall targeting mid-to high-end
consumers. Since the announcement of its results, the company's
share price has witnessed an upward trend. For the first quarter
of 2014, the company expects revenues to be up 30.0% year over
Other players in the Internet industry, which look attractive at
current levels, include
Monster Worldwide, Inc.
Vipshop Holdings Limited
). Investors can also consider
), a stock from the computer integrated systems industry. All
these stocks carry the same Zacks Rank as E-Commerce China
E-COMMRC CH-ADR (DANG): Free Stock Analysis
DIEBOLD INC (DBD): Free Stock Analysis Report
MONSTER WWD INC (MWW): Free Stock Analysis
VIPSHOP HOLDNGS (VIPS): Free Stock Analysis
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