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Gaopeng to Acquire Douban Online Movie Ticketing
Beijing Business Today, 10/18/13
Yesterday, Chinese group buy site Gaopeng announced that it will acquire Chinese arts and music SNS Douban's online movie ticketing business as part of Gaopeng's first steps into the mobile market, partnering with Douban on ticket release and film marketing. Read More
M-Commerce ID Management App Lands USD 4 Mln Funding
36Kr, 6/09/13
Li Yan, founder of Beijing-based third-party mobile e-commerce ID management tool "Weipass," announced recently that his company, Beijing Yimei Quanjing Information Technology, had received USD 4 mln in Series A funding from IDG at the end of 2012. 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
Rumor: Gaopeng to Run "Micro Group Buy"
TechWeb, 11/13/12
On November 13, an industry source claimed that Beijing Wangluo Tianxia Shenghuo Technology's (English name: GroupNet) group buy site Gaopeng is partnering with Tencent's (0700.HK) Weixin (Wechat) mobile messaging application for a Weixin group buy platform that could be released in late November or early December, to be called "Wei Tuangou" ("Micro Group Buy"). Read More
Gaopeng to Achieve Profitability in 2013
Netease Tech, 11/09/12
In an interview published November 9, Gaopeng CEO Lin Ning revealed that the new Gaopeng - the product of the merger between group buy sites Ftuan, Gaopeng, and QQ Tuan - has essentially completed integration of the company's operations and staff teams. Read More
GroupNet Raises USD 40 Mln for Acquisitions
Tencent Tech, 10/26/12
Beijing Wangluo Tianxia Shenghuo Technology (English name: GroupNet), which operates group buy sites Ftuan and Gaopeng, recently completed USD 40 mln in new funding, which it will use to acquire additional group buy sites. Read More
Rumor: Groupnet to Acquire 24Quan
Netease Tech, 10/25/12
Lin Ning, CEO of Beijing Wangluo Tianxia Shenghuo Technology (English name: Groupnet), which operates group buy sites Ftuan and Gaopeng, yesterday revealed that Berjaya Corporation Berhad, the largest shareholder in Beijing-based group buy site 24quan.com, has been in frequent contact with Wangluo Tianxia about possibly acquiring 24quan at an undisclosed price. 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
FTuan Merges with Gaopeng
Sohu IT, 6/27/12
Chinese group buy site FTuan has announced that plans for a merger between FTuan and Gaopeng, the group buy joint venture of Groupon and Tencent (0700.HK), are now official. Read More
Update: Gaopeng to Merge with FTuan
China Business News, 6/21/12
An industry source divulged today that Chinese group buy site FTuan will merge with Gaopeng, the group buy joint venture of Groupon and Tencent (0700.HK), to form a new group company, with FTuan CEO Lin Ning to be named CEO. Read More
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