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Searching for "QQ Tuan"
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Gaopeng to Achieve Profitability in 2013
Netease Tech, 11/09/12
In an interview published November 9, Gaopeng CEO Lin Ning revealed that the new Gaopeng - the product of the merger between group buy sites Ftuan, Gaopeng, and QQ Tuan - has essentially completed integration of the company's operations and staff teams. Read More
GroupNet Raises USD 40 Mln for Acquisitions
Tencent Tech, 10/26/12
Beijing Wangluo Tianxia Shenghuo Technology (English name: GroupNet), which operates group buy sites Ftuan and Gaopeng, recently completed USD 40 mln in new funding, which it will use to acquire additional group buy sites. 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
China's June 2012 Group Buy Transaction Value Down 23% PoP
DoNews, 7/09/12
China's group buy transaction value fell to RMB 2.08 bln in June 2012, down 23% compared to the May figure, according to group buy directory site Letyo.com. Read More
FTuan Merges with Gaopeng
Sohu IT, 6/27/12
Chinese group buy site FTuan has announced that plans for a merger between FTuan and Gaopeng, the group buy joint venture of Groupon and Tencent (0700.HK), are now official. Read More
Rumor: Tencent Adjusts Group Buy Business
Sohu IT, 4/28/12
According to an internal e-mail reportedly from Gaopeng - the group buy joint venture of Groupon and Tencent (0700.HK) - Tencent is continuing to consolidate its group buy properties. Read More
Gaopeng CEO Resigns
Sina Tech, 4/26/12
Yang Chengjian, CEO of Groupon and Tencent's (0700.HK) group buy joint venture Gaopeng, has recently submitted his resignation to the company's board of directors, citing personal reasons. Read More
Tencent Posts Group Buy Deals on Microblog Platform
TechWeb, 9/29/11
Chinese internet company Tencent's (0700.HK) group-buy site QQ Tuan (tuan.qq.com) has begun posting embedded group-buy deals and product information to Tencent Microblog, including product name, price, discount value, and images of the product. Read More
Gaopeng Acquiring Group Buy Sites, Plans IPO
Sina Tech, 6/10/11
Ouyang Yun, head of Groupon and Tencent's (0700.HK) Chinese group buy joint venture Gaopeng, joined Groupon CEO Andrew Mason for a press conference today in Beijing to announce that Gaopeng had already acquired two or three group buy websites, and had plans to list independently, though he said there was no IPO timetable at present. Read More
Rumor: 50% of Ftuan April Sales Came Via QQ Tuan
CCID, 5/27/11
According to a source within Chinese internet giant Tencent (0700.HK), a number of group buy sites have joined Tencent's "QQ Tuan" (tuan.qq.com) group buy portal since it launched an API in January, including Ftuan, which saw over RMB 20 mln in transactions from QQ Tuan last month, accounting for over 50% of Ftuan's total sales in April. Read More
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