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Group Buy Site OneTuan Obtains Funding

DoNews, 7/19/10

Pan Zaizhong of Chinese group buying site OneTuan has revealed that the site has obtained RMB 10 mln in angel funding, to be used towards promoting the site, growing the site's merchant screening team, hiring additional customer service representatives, and improving user experience.

The site, which launched this month, currently has over 30,000 registered users, a figure growing by over 20% daily. OneTuan is currently only available in Beijing, but is expected to expand to 5 cities by year-end.

Keywords: Pan Zaizhong OneTuan Internet funding registered users group buying

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