March 7, 2013 / 11:32 AM / 4 years ago

Dang Dang revenue rises on strong holiday sales

(Reuters) - Online retailer Ecommerce China Dang Dang Inc DANG.N posted a 31 percent rise in fourth-quarter revenue, helped by strong sales during the holiday season.

Net loss narrowed to 122.1 million yuan ($19.64 million) from a loss of 129.8 million yuan, a year earlier.

Revenue rose 31 percent to 1.61 billion yuan or $258.2 million.

($1 = 6.2181 Chinese yuan)

Reporting By Aditya Kondalamahanty in Bangalore; Editing by Supriya Kurane

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