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Rumor: Several Chinese Group Buy Sites in Arrears

Beijing Business News, 12/01/11

An industry source recently revealed that several Chinese group buy sites, including Groupon.cn (a Chinese group buy site unaffiliated with US firm Groupon) and the group buy channels of Fantong.com and online classified site 58.com, are in arrears to many merchant partners with some payments delayed until 2012. Read More

Rumor: Groupon.cn Shanghai Branch Cuts Staff by 66%

DoNews, 9/24/11

Groupon.cn, a Chinese group buy site unaffiliated with US firm Groupon, has laid off 40 out of 60 employees at its Shanghai branch, according to an industry insider. Read More

Groupon.cn Seeks Third-Round Funding

Hexun, 8/25/11

Ren Chunlei, CEO of Groupon.cn, a Chinese group buy site not affiliated with US firm Groupon, announced at the 2011 China Internet Conference in Beijing that Groupon.cn is currently raising third-round funding. Read More

Sina Microblog Launches Group Buy Social Platform

TechWeb, 3/09/11

Chinese internet company Sina (Nasdaq: SINA) has launched a group buy offer subscription service for its Sina Weibo microblogging platform that allows users to receive group buy messages that meet their selected criteria for location, product category, price, group buy site, and keywords. Read More