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Suning to Establish 8 Subsidiaries

Sina Tech, 2/21/14

Chinese consumer electronics and home appliances retailer Suning (002024.SZ) has announced details regarding the company's spring quarter internal restructuring, which include the formation of Product Sales and Operations divisions, as well as the establishment of 8 subsidiary companies. Read More

China's 2012 Group Buy Transaction Value Grows 61% YoY

TechWeb, 1/29/13

According to the 2012 China Online Group Buy Market Data Monitoring Report, released today by Zhejiang-based B2B e-commerce site Netsun Toocle's (002095.SZ) China E-Commerce Research Center, the number of group buy companies dropped from 3,652 to 2,695 in 2012. Read More

China's Group Buy Site "Mortality Rate" Hits 48%

Tencent Tech, 8/15/12

According to a report released on August 15 by Zhejiang-based B2B e-commerce site Netsun Toocle's (002095.SZ) China E-Commerce Research Center, the number of group buy sites in China decreased from 3,990 at the start of the year to 3,210 as of the end of June 2012. Read More

Rumor: Manzuo to Achieve Profitability in September

DoNews, 8/09/12

Feng Xiaohai, CEO of Chinese group buy site Manzuo.com, reportedly sent out a company-wide e-mail announcing the company will move its headquarters to a 1,500 square meter facility in Zhongguancun Jiuxianqiao Science & Technology Park at the end of August. Read More

China's May 2012 Group Buy Transaction Volume Up 5% PoP

Donews, 6/27/12

China's group buy transaction volume rose 4.7% PoP in May 2012, according to newly released figures from group buy directory site Tuan800, with the total number of group buy sites dropping to 2,996. Read More

Rumor: Gaopeng Suspends Advertising on Baidu, Google

Beijing Business Today, 7/27/11

According to an industry source, Gaopeng.com, Groupon and Chinese Internet firm Tencent's (0700.HK) group buy joint venture, has recently suspended circulation of its ads on Google and Baidu's (Nasdaq: BIDU) paid search advertising platforms. Read More

Manzuo 2011 Sales Revenue to Reach RMB 2 Bln

Sohu IT, 6/29/11

Feng Xiaohai, CEO of Chinese group buy site Manzuo.com, said that the site expects sales revenue on the site to reach RMB 2 bln this year. Read More

Manzuo Wins USD 50 Mln in Second-Round Funding

Tencent Tech, 6/28/11

Chinese group-buying website Manzuo announced today that it had received over USD 50 mln in second-round funding from Kleiner Perkins Caufield & Byers (KPCB) and JP Morgan. Read More

Rumor: Microsoft to Invest in Group Buy Site Manzuo

Hexun, 5/09/11

According to a source within Chinese group buy site Manzuo.com, the company has partnered with Microsoft, but details of the partnership have not yet been revealed, though industry sources believe that Microsoft will invest in Manzuo.Read More

Manzuo Cancels Out-of-Home Display Contract with Focus Media

Bianews, 4/15/11

Jiang Hu, head of marketing for Chinese group-buying site Manzuo, claimed on his microblog yesterday that Manzuo will cease all out-of-home display advertising in north China through Chinese digital media and Internet advertising operator Focus Media (Nasdaq: FMCN) after Focus Media allegedly refused to sign a contract in a push to raise ad rates. Read More