Dangdang.com, the largest Chinese on-line bookstore in the world, today announced that it has obtained new investment from the Softbank.
Yu Yu, co-president of the firm, declined to give details of the investment. The shareholders of Dangdang include the International Digital Group (IDG) and the Kewen Corporation.
According to a plan, the new investment will be used to build a 10,000-sq-m storage in Beijing and a delivery system in 40 major cities across the country. Business-to-business trade platforms are also on the construction list, said Yu.
Dangdang now has 200,000 Chinese books on-line, accounting for 90 percent of the country's total. Currently, the website has 75, 000 visitors a day and three percent of them file book orders.
