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Groupon, Tencent JV Website Goes Live

DoNews, 2/15/11

The website for global group buy site Groupon's China joint venture with Tencent (0700.HK), Gaopeng.com, has gone live online. Once logged into the site, users are redirected to a second page with the option of subscribing to a Gaopeng mailing list. Following a successful subscription, users are notified of an official Groupon China launch set for next week.

However, Chinese internet users were unable to find the company that operates the site, Beijing Gaopeng Technology Co., Ltd., listed on the Beijing Administration for Industry and Commerce (BAIC) official website.

Editor's Note: For more background on this topic, please see "Rumor: Tencent, Groupon Invest USD 100 Mln in Group Buy JV" MD 2/12/11 issue.

Keywords: Gaopeng Internet Tencent BAIC JV 0700.HK Groupon e-commerce group buying

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