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Groupon.cn to Relaunch in Nine Days

DoNews, 11/26/12

Ren Chunlei, CEO of Groupon.cn (a Chinese group-buy site not affiliated with US firm Groupon), announced on his personal microblog today that after nearly a year, Groupon.cn has reimbursed more than half of its old users and will repay the remaining outstanding debts as quickly as possible. Ren added that Groupon will relaunch in nine days.

Editor's Note: For more background on this topic, please see "Groupon.cn to Launch New Deals Next Week" MD 2/15/12 issue.

Keywords: Internet Groupon.cn Ren Chunlei group buying

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