Chinese firms lose 'US listing' taste

Dangdang, YY get buyout offers from company officials

As China's stock market rises from the turmoil, Chinese video streaming website operator YY Inc and online retailer E-Commerce China Dangdang Inc announced that they have received buyout proposals, adding to a record number of United States-listed Chinese firms going private.

On Thursday, YY's Chairman Lei Jun and Chief Executive David Li offered to take the company private in a deal valuing it at about $3.69 billion, while on the same day Dangdang's Chief Executive Officer Li Guoqing and Chairwoman Peggy Yu Yu offered $7.812 in cash per American depositary share for the e-commerce firm.