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Searching for "Xu Maodong"
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55Tuan Denies Rumors of 70% Workforce Cut
DoNews, 9/28/11
Xu Maodong, CEO of Chinese group buy site 55Tuan, has denied rumors that the company has laid off 70% of its staff, claiming that the worst performing employees are let go in each branch every month according to standard practice. Read More
Rumor: 55Tuan Fails to Find IPO Underwriter
DoNews, 7/27/11
A Hong Kong-based investor with close ties to Chinese group buy site 55Tuan has said that the company was rejected by a number of banks, including Credit Suisse, Goldman Sachs, Merrill Lynch and Deutsche Bank, in the past two months during its search for an IPO underwriter. Read More
55Tuan Obtains USD 200 Mln in Funding, Plans US IPO
Sina Tech, 5/25/11
Chinese group buy site 55Tuan confirmed earlier rumors today that it had received strategic investments from a number of organizations, including CDH Investments and Zero2IPO, totaling an estimated USD 200 mln. Read More
Rumor: 55Tuan Obtains USD 200 Mln in Funding
Sina Tech, 5/23/11
According to an industry source, Chinese group buy site 55Tuan has completed a new round of funding worth USD 200 mln from Goldman Sachs. Read More
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