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Rumor: US Group Buy Site Living Social to Acquire Miqi

CCID, 8/10/11

An industry source claims that US group buy site Living Social plans to move into China with a vertical group buy site, and has settled upon cosmetics group buy site Miqi.cn as an acquisition target. Read More

Miqi Obtains Eight-Figure RMB Angel Funding

Tencent Tech, 4/13/11

Beijing-based cosmetics vertical group buy site Mici.cn, operated by Beijing Meili Youpin E-commerce Co., Ltd., recently obtained angel investment funding in the tens of millions of RMB. Read More