Chinese Restaurant Website Company Closes USD60 Million Funding
Chinese lifestyle and restaurant information listings website Dianping.com has confirmed to local media that the company has completed its latest round of financing of USD60 million. Without disclosing...
View ArticleGroup Buying Firm Reports Net Losses For Reporting Period In China
Chinese social networking company Renren.com has published its unaudited financial report for the second quarter of 2012, reporting USD3.6 million net operating revenue from its group buying service...
View ArticleChinese Firm Wants More Consumers To Buy Daily Lifestyle Goods Online
Chinese e-commerce website Dangdang.com announced the formal launch of a new lifestyle department, which will be responsible for operating services such as mobile phone fee recharges, a group discount...
View ArticleChinese Group Buying Website Gains Additional USD40 Million Investment
Beijing Wangluo Tianxia Life Technology Company Limited, which is the integrated company of the Chinese group buying websites Ftuan.com and Gaopeng.com, has completed its latest financing and gained...
View ArticleInternet Group Buying In China Gets New Push
Following the launch of its group buying navigation service, Chinese search engine Baidu Inc. has now launched its group buying business T.baidu.com, which is currently only available in Beijing. This...
View ArticleAlibaba's Chinese Websites Punch A Hole In The Sales Ceiling
Alibaba says it reached a new milestone in the amount of goods sold in a single day on its websites. The company hit USD1 billion in gross merchandise volume at 12:17 A.M. this morning. About 48% of...
View ArticleMeituan.com Chinese Group Buying Platform Reached CNY46 Billion For 2014
Chinese group buying website Meituan.com published its annual performance report for 2014, stating that the company realized trading value of CNY46 billion in 2014, a year-on-year increase of over...
View ArticleBaidu To Invest CNY20 Billion In Group Buying Site
Baidu Nuomi, the group buying business under Chinese search engine Baidu, recently announced its new O2O ecological strategy and Robin Li, chairman and CEO of Baidu, said that they will make additional...
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Alibaba Becomes Fourth Largest Shareholder Of Groupon
China's Alibaba Group recently purchased 33 million Groupon Inc. shares, making it the fourth largest shareholder of the U.S. company. Groupon has been listed for over four years and its market value...
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Meituan Dianping Announces New Personnel Appointments
Chinese online classified information and group buying provider Meituan Dianping announced new personnel appointments. Chen Ye, Meituan Dianping's senior vice president and head of advertising...
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