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Rumor: Gaopeng, Ftuan to Merge Under Gaopeng Brand

DoNews, 11/28/12

A leaked internal e-mail attributed to Lin Ning, CEO of Beijing Wangluo Tianxia Shenghuo Technology (English name: GroupNet), which operates group buy sites Ftuan and Gaopeng, has revealed that the two brands will merge and begin operating under the Gaopeng.com domain name in 2013.

Editor's Note: For more background on this topic, please see "Tencent, Groupon Provide Additional Funding to Groupnet" MD 8/09/12 issue.

Keywords: branding Internet Tencent Wangluo Tianxia Groupon Lin Ning Ftuan Gaopeng Groupnet group buying 0700.HK

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