China Mobile, NTT DoCoMo, Korea Telecom Launch Global NFC Roaming Service

China Mobile, Japan’s NTT DoCoMo, and South Korea’s Korea Telecom announced that the three parties have reached an agreement for a series of mobile phone services, aiming to realize cross-border payment services with the near-field communication function on mobile phones. Claims CNY1.476 Billion In Sales So Far In 2012, one of many Chinese group buying websites, has revealed its sales statistics for the first five months of 2012, stating that its overall sales reached CNY1.476 billion, and the company expected to realize profit by the end of the year.

China’s Develops Group Buying Internet Service With COFCO

Chinese lifestyle information website has launched a new collective buying product, which will first cooperate with owned by COFCO Group in providing group buying deals in Beijing.

Groupon, Tencent Establish

Jointly invested by Groupon, Tencent Collaboration Fund and Yunfeng Capital, the collective buying website has been launched in China.

Rumor: Groupon Eyes Chinese E-commerce Market

Mads Faurholt-Jorgensen, vice president of Groupon, has reportedly revealed the company’s intention to enter the Chinese market.

KFC Makes Public Apology For Fake E-coupons In China

The top management of KFC has for the first time made a public apology to consumers in China for the fake e-coupon claims circulating in chatrooms.