360Buy Splits Group Buy from Open Platform Business

Sohu IT, 1/07/13

Beijing-based B2C e-commerce platform 360Buy has announced that the company will spin-off its group buy business into an independent business unit under 360Buy. According to an internal 360Buy release, in order to meet the company's operating strategy and development needs, 360Buy has decided to separate its group buy unit from its POP (Plan of Open Platform) open platform business. Former 360Buy open platform VP Zhang Shouchuan has been appointed as VP in charge of 360Buy's group buy business. Zhang will report to 360Buy CMO Lan Ye. Lan will be temporarily responsible for 360Buy's POP open platform business.

According to a source close to the company, after its spin-off from the open platform group, 360Buy's group buy business will begin to operate on a new independent platform model.

Keywords: e-commerce Internet B2C 360buy spin-off Lan Ye open platform Zhang Shouchuan group buying

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily