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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 Group Buy Site "Mortality Rate" Hits 48%
Tencent Tech, 8/15/12
According to a report released on August 15 by Zhejiang-based B2B e-commerce site Netsun Toocle's (002095.SZ) China E-Commerce Research Center, the number of group buy sites in China decreased from 3,990 at the start of the year to 3,210 as of the end of June 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
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
Rumor: Tencent Adjusts Group Buy Business
Sohu IT, 4/28/12
According to an internal e-mail reportedly from Gaopeng - the group buy joint venture of Groupon and Tencent (0700.HK) - Tencent is continuing to consolidate its group buy properties. Read More
Gaopeng CEO Resigns
Sina Tech, 4/26/12
Yang Chengjian, CEO of Groupon and Tencent's (0700.HK) group buy joint venture Gaopeng, has recently submitted his resignation to the company's board of directors, citing personal reasons. Read More
Rumor: Gaopeng to Merge with FTuan
Beijing Morning Post, 4/10/12
According to an industry source, Gaopeng, the group buy joint venture of Groupon and Tencent (0700.HK), is presently in merger negotiations with Chinese group buy site FTuan, though specific details regarding the cooperation are unclear at this time. Read More
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