Ftuan.com, a Chinese group buying website, and Gaopeng.com, 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 Ftuan.com.
Chinese group buying website Meituan.com has announced that its sales in March 2012 saw a record high of CNY301.587 million.
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.
Chinese group buying navigation website Tuan800.com has published a report covering statistics for May 2011, stating that Meituan.com ranked first in China with sales of CNY75.2 million.
China’s Shanda has announced its launch a new navigation site, Tuan.sdo.com, for group buying websites.