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.