Tianjin Tianhai plans a Dangdang takeover

Apr 18, 2018Updated May 27, 20251 min read

Tianjin Tianhai Investment, a unit of Chinese conglomerate HNA Group, plans to acquire Chinese company Dangdang’s e-commerce assets for RMB7.5 billion (US$1.19 billion).

The acquisition will allow Tianjin Tianhai to tap into China’s e-commerce market via Dangdang, which is known for its online marketplace for books, clothes, furniture and other consumer goods.

Tianjin Tianhai plans to buy 100 per cent stakes in two e-commerce companies owned by Dangdang, a rival to Amazon in China, via cash and an issue of shares, it says in a filing to the Shanghai stock exchange.

Trade in Tianjin Tianhai’s shares were suspended in January because of a restructuring by owner HNA.

The shares remain suspended.

HNA Group is under scrutiny over its opaque ownership and tactics during buying spree over the past few years.

Tianjin Tianhai’s deal requires approval from authorities such as the China Securities Regulatory Commission.

About the author

Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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