Perspectives
E-Commerce China Dangdang Inc. reported a loss in its third quarter, weighed down by declining gross margin and higher operating expenses.
The online retailer, which went public in December, said Wednesday that it lost 73.4 million yuan ($11.5 million), or 15 U.S. cents per American depositary share. That compares with a profit of 32.7 million yuan in the prior-year period.