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. Ren said that provided the round goes smoothly, the company will make an official announcement within several weeks. He added that the site currently has 18 mln registered users.
China Internet Conference
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