Renren Kills Non-core Chinese Internet Businesses

Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company […]

Internet Group Buying Service Ends In China

Chinese group buying service website will formally close its group buying business on March 31, 2014, and will transform its brand to a new business model in the future. Founded by Song Zhongjie, former sales general manager of Google China, in July 2010, completed its integration with Velo, a Chinese coupon provider, at […]

Suning Acquires Group Buying Site

Suning Commerce Group confirmed that the company will acquire Chinese group buying website for nearly USD10 million. According to a representative from Suning, as a new business model which integrates online and offline channels, the business has a broad market capability in China. Group buying is a catalyst that promotes the integration of online […] Is Alibaba’s Latest Foray Into Hong Kong And Taiwan

Chinese e-commerce group Alibaba has launched the overseas version of its group buying website for Hong Kong and Taiwan markets, representing an important step into Hong Kong, Macau, and Taiwan.

China’s Baidu Unveils Group Buying Service

Following the launch of its group buying navigation service, Chinese search engine Baidu Inc. has now launched its group buying business, which is currently only available in Beijing.

China’s Velo, Didatuan Announce Integration

Chinese coupon provider Velo and group buying website announced via internal emails that the two companies have completed a formal integration.

China Had 564 Million Netizens By End Of 2012; Fewer Using Desktop Computers To Surf

China Internet Network Information Center recently published its 31st Internet survey report, stating that by the end of December 2012, the number of Internet users in China had reached 564 million and the Internet penetration rate was 42.1%, which was 3.8 percentage points higher than 2011. Sets Up E-commerce Lifestyle Services Department

Chinese B2C e-commerce website announced the formal launch of a new lifestyle department, which will be responsible for operating services such as mobile phone fee recharges, group discount platform, and tourism products. Gained Revenue Of USD3.6 Million In Q2 2012

Chinese social networking company has published its unaudited financial report for the second quarter of 2012, reporting USD3.6 million net operating revenue from its group buying service site Dines On USD60 Million Investment

Chinese lifestyle and restaurant information listings website has confirmed to local media that the company has completed its latest round of financing of USD60 million.

Chinese Group Buying Websites Merge Under Unified Brand

Chinese group buying website announced that its physical company has been renamed from Beijing Kala Interactive Technology Company Limited to Beijing Wangluo Tianxia Life Technology Company Limited, and both and will be integrated into the company.

China’s Reports Semi-annual Sales Of CNY1.916 Billion

Chinese group buying website published its latest sales statistics, claiming that the company achieved sales of CNY440 million in June 2012.

Internet Death Knell As Group Discount Buying Websites Merge In China, a Chinese group buying website, and, the joint venture between Tencent and Groupon, have reportedly completed their merger and integration, and the new company will be led by Lin Ning from 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. To Operate’s Group Buying Business

China’s and have jointly announced that has become the operator of’s group buying business.

China’s Claims Higher Sales Figures

Chinese group buying website has announced that its sales in March 2012 saw a record high of CNY301.587 million. Launches Internet Coupon Platform In China

Chinese Internet portal has launched a new coupon platform,, marking its latest online move following the unveiling of its recent lottery and insurance e-commerce businesses.

Former Alibaba VP Joins As COO

Chinese group buying website announced that Gan Jiawei, former vice president of, will join the company as its new chief operating officer.

CNNIC: China’s Internet Group Buying Users Reached 42.2 Million

The China Internet Network Information Center has published a report on the activities of Chinese group buying users for 2011 in Beijing, stating that by June 2011, there were 42.2 million online group buying users in China, an increase of 125% compared with six months ago.

Chinese Tea Leaf B2C Platform Gains CNY100 Million Investment

The Chinese tea leaf B2C e-commerce platform, which is operated by Shandong Huaxia Chalian, has announced that it has completed its A-round financing and gained nearly CNY100 million investments from four organizations in China.’s Group Buying Business To Be Operated By

Chinese social networking site has announced that its group buying business, which it previously operated on its own, will transform to a third-party cooperation model.

Google Launches Group Buying Search Service In China

The world’s search engine giant Google has launched the group buying search service in China, marking its formal entry into the saturated Chinese e-commerce market.

China’s Rising Starts Security Web Browser Beta Tests

Chinese anti-virus software provider Rising has announced that its first Internet client product, Rising security browser, has started beta tests.

Chinese Group Buying Report Reveals Sales Drop

Chinese group buying navigation website has published a report covering statistics for May 2011, stating that ranked first in China with sales of CNY75.2 million. Ties Knot With Japanese Partner For Marriage Website In China

Chinese social networking site and Japanese human resources and Japanese media group Recruit Company Ltd. have reached an agreement to jointly establish a marriage-oriented social media platform in China.

Chinese Group Buying Navigation Website Opened By Shanda

China’s Shanda has announced its launch a new navigation site,, for group buying websites.

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.