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.