IDG Technology Ventures, a corporate venturing unit of IDG, owns 21.4 million B shares (6.8%) in E-Commerce China DangDang ahead of its US flotation.
E-Commerce China DangDang, a China-based online book retailer part owned by media company International Data Group (IDG), has filed for a $200m flotation in New York.
Investment banks Morgan Stanley and Credit Suisse are co-lead underwriters on the initial public offering, according to its regulatory filing.
IDG Technology Ventures, a corporate venturing unit of IDG, owns 21.4 million B shares (6.8%) in DangDang, with hedge fund Tiger Global Management 23.9% and DCM (formerly Doll Capital Management) 8.7%.
DangDang…
