Chinese Distributor and Bookseller in Possible Merger

By Carmen 

Reuter reports that Shanghai Xinhua Media Co. is in early talks to buy into Dangdang.com, a Chinese online bookstore that media have reported is planning a Nasdaq listing, two sources close to the situation said on Monday. Xinhua Media, controlled by state-owned Jiefang Daily Press Group, one of China’s biggest newspaper publishers, hopes to team up with Beijing-based Dangdang.com to tap the domestic online book market, said the sources, who declined to be identified.