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Rumor: Offline Coupon Provider Velo Acquires Didatuan

Sina Tech, 2/01/13

According to an informed source, Shanghai Kuanxin Information Technology, operator of offline coupon service Velo, has acquired group buy site Didatuan. Read More

China's 2012 Group Buy Transaction Value Grows 61% YoY

TechWeb, 1/29/13

According to the 2012 China Online Group Buy Market Data Monitoring Report, released today by Zhejiang-based B2B e-commerce site Netsun Toocle's (002095.SZ) China E-Commerce Research Center, the number of group buy companies dropped from 3,652 to 2,695 in 2012. Read More

China's May 2012 Group Buy Transaction Volume Up 5% PoP

Donews, 6/27/12

China's group buy transaction volume rose 4.7% PoP in May 2012, according to newly released figures from group buy directory site Tuan800, with the total number of group buy sites dropping to 2,996. Read More

Rumor: Web Directory Revenues to Drop in 2012

DoNews, 1/01/12

An industry source has said that web directory sites will likely see revenues decline in 2012 as competition lessens between China's e-commerce sites, particularly small and medium-sized group buy sites and B2C malls, and ad spend for directory listings decreases. Read More

Group Buy Sites Meituan, Lashou, Didatuan Seek Funds

China Business News, 2/21/11

Wang Xing, CEO of Chinese group buy site Meituan.com, has revealed that the company is in talks to obtain second-round funding. Read More

China Issues E-Commerce Accreditation Rules

Techweb, 10/29/10

The new Regulations on E-Commerce Certification, announced in Beijing today, stipulate that certification will be the responsibility of the China International Electronic Commerce Center (CIECC) under the guidance of the Ministry of Commerce (MOFCOM). Read More

Aibang Sues Former President Over Group Buying Site

Netease Tech, 9/08/10

Chinese local search site Aibang has filed a lawsuit against former president Song Zhongjie and other former employees for over RMB 500,000 in compensation. Read More

Ex-Googlers from Aibang Launch Group Buy Site

Sina Tech, 7/14/10

Song Zhongjie, former general manager of sales for the China region at Google, has entered the group purchasing market with a new site that launched today, Didatuan.com. Read More