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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOW FROM OPERATING ACTIVITIES:      
Net loss $ (9,472,074) $ (107,271,525) $ (8,365,848)
Adjustments to reconcile net income to net cash by operating activities:      
Allowance for doubtful debts     49,042
Prepaid expenses write-down 222,999    
Inventory write-down 12,166,659 1,694,336 2,601,368
Depreciation of property and equipment 4,527,122 1,368,824 103,193
Amortization of other assets 4,801 4,453 731
Loss on disposal of property and equipment 20,670 61,194 31,568
Impairment loss of property and equipment   437,725  
Share-based compensation expenses 7,596,949 73,927,902  
Interest income on held-to-maturity securities (1,026,325)    
Changes in operating assets and liabilities:      
Accounts receivable (2,866,381) (2,777,955) (935,944)
Amounts due from related parties 1,924,616 (2,101,853)  
Other receivables (583,406) (8,764,669) (649,971)
Inventories (86,388,390) (64,028,801) (8,471,539)
Advances to suppliers 2,859,976 (7,652,930) (4,696,241)
Prepaid expenses 390,318 (1,020,061) (57,133)
Accounts payable 105,435,451 79,716,575 7,247,173
Advances from customers 40,567,356 13,072,783 2,117,561
Accrued expenses and other current liabilities 26,009,941 23,025,083 3,195,242
Amounts due to related parties (168,989) [1] (856,307) 1,164,032
Deferred income 10,347,912 2,472,001 93,245
Net cash (used in) from operating activities 111,569,205 1,306,775 (6,573,521)
Cash flows used in investing activities:      
Purchase of property and equipment (12,379,386) (9,592,160) (1,519,205)
Purchase of other assets (770) (9,989) (3,128)
Proceed from disposal of property and equipment 19,972 3,178  
(Increase) decrease in restricted deposits 14,214,585 (14,214,585)  
Purchase of held-to-maturity securities (101,302,171)    
Proceed from redemption of held-to-maturity securities upon maturities 16,231,306    
Net cash used in investing activities (83,216,464) (23,813,556) (1,522,333)
Cash flows from financing activities:      
Proceeds from registered capital contributions by shareholders of the VIE   1,390,621  
Proceeds from bank borrowings   17,477,240  
Repayment to bank borrowings (12,710,720) (4,766,520)  
Loans from shareholders   1,470,635 9,137,220
Issuance costs of Series A and Series B Preferred shares   (175,754)  
Issuance costs of ordinary shares   1,499,994 1
Repurchase of ordinary shares   (1,837,500)  
Proceeds from issuance of ordinary shares in the initial public offering, net of issuance cost 62,689,835    
Proceeds from issuance of ordinary shares upon exercise of stock options 191,533    
Net cash provided by financing activities 50,170,648 66,785,746 9,137,221
Effect of exchange rate changes 994,462 (435,278) (217,996)
Net increase in cash and cash equivalents 79,517,851 43,843,687 823,371
Cash and cash equivalents at beginning of the period 44,954,778 1,111,091 287,720
Cash and cash equivalents at end of the period $ 124,472,629 $ 44,954,778 $ 1,111,091
[1] Noncash financing activities: US$2,292,763 registered capital was contributed by shareholders of the VIE via offsetting the accumulated shareholder loan due from the Company to the shareholders on June 14, 2012.