Posts Tagged: group buy

Baidu acquires Nuomi

Baidu acquires remaining stake in Renren’s daily deals site

Back in August last year, Chinese search engine Baidu acquired the majority stake in Renren’s (NYSE:RENN) group buying site for $160 milli...

  • January 24, 2014
  • at 11:25 am
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Struggling LivingSocial quits South Korea market, sells out to Groupon for $260 million

Daily deals site LivingSocial announced today it will sell LivingSocial Korea, the company that owns group buying site Ticket Monster (a...

  • November 8, 2013
  • at 4:15 pm
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Why did Baidu buy a controlling stake in Nuomi?

After rumors had been cropping up for some time, Chinese search giant Baidu finally confirmed its investment of $160 million in Renren group...

  • August 26, 2013
  • at 9:00 am
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Abandon Ship! Report Claims Groupon’s China Venture Has Lost 9 VPs in the Past Year

It seems that Gaopeng, Groupon’s China joint-venture (of which it now owns only a minority share), may have something of a personnel i...

  • July 23, 2013
  • at 10:00 am
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Meituan Nearing $155 Million/Month in Transactions

After a lively explosion a couple years ago, most of China’s group buy sites have long since died out. But Meituan, which has been a t...

  • May 3, 2013
  • at 8:30 am
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Rumor: Baidu Interested in Buying Aibang

TechWeb yesterday reported quite an interesting rumor: Baidu is interested in buying the commerce search and group buy company Aibang. Aiban...

  • March 20, 2013
  • at 10:30 am
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Baidu new daily deals site

Baidu Launches a Daily Deals Site (But Not for the First Time)

We tend to write about daily deals sites in China shutting down, not opening up. So this week’s quiet launch of a new deals portal run...

  • February 28, 2013
  • at 12:51 pm
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24Quan Closes For Good

Chinese group buying site 24Quan, once in the country’s top five deals sites, has been in the rough for some time now, and it suspende...

  • January 11, 2013
  • at 8:00 am
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One Chinese Daily Deals Site Finds Unobtainium, Holy Grail, and Profitability

China’s daily deals market is about as crowded as a Beijing bus in a rainy rush hour, and so a lot of Groupon-like sites are struggling on...

  • December 27, 2012
  • at 7:39 pm
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daily deals in China

China’s top daily deals site doubles sales in 2013, now pulls in over $16 million each day

Meituan, China’s top daily deals startup, has managed to double its sales revenue during 2013. Meituan CEO Wang Xing took to Sina Weib...

  • January 3, 2014
  • at 2:00 pm
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baidu dianping

Baidu in talks to acquire China’s most popular food review site Dianping for $2 billion UPDATE: Denied

UPDATE 10/24/2013 16:08 – Dianping has denied reports saying it is in acquisition negotiations with Baidu. Chinese search giant Baid...

  • October 24, 2013
  • at 10:56 am
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Groupon China, Gaopeng

Groupon’s China Site Gets $30 Million Funding From Joint-Venture Partners

Groupon’s China venture has had a rough ride, but it’s still alive. The site, called Gaopeng, has just secured a reported $30 million in...

  • July 24, 2013
  • at 5:45 pm
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China's daily deals market 2013

China’s Daily Deals Market Hits $1.7 Billion in Q1, Not So Fragmented Any More

It’s time to check back in with China’s massive daily deals industry and see how all the Groupon-like sites are progressing in Q...

  • May 27, 2013
  • at 1:00 pm
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Alibaba launches Juhuasuan in Hong Kong and Taiwan

In a Challenge to Groupon, Alibaba Takes Daily Deals to Hong Kong and Taiwan

China’s top e-commerce player, Alibaba, also runs the nation’s leading daily deals site. Run under the familiar Taobao brand name and UR...

  • April 8, 2013
  • at 11:44 am
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China’s Top Make-Up Deals Site on Track to $100 Million in Profit for 2013

If you asked 100 Chinese people where they buy online deals for discounted restaurant meals, then I suspect most would give wildly different...

  • March 12, 2013
  • at 4:30 pm
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In China’s Daily Deals Market, You Now Need $32+ Million Monthly Revenue to Be a Player

We’re following China’s daily deals market very closely, digging into quarterly market share data as soon as we can get our hands on it....

  • February 8, 2013
  • at 10:12 pm
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Taobao Juhuasuan sales revenue

China’s Top Daily Deals Site Sees $3.3 Billion in Sales in 2012

After the initial kerfuffle over Groupon clones in China a couple of years ago, the daily deals sector in the country ended up being dominat...

  • January 7, 2013
  • at 4:15 pm
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China’s Boldest Groupon Clone to Launch Open Group Buying Platform: a World First?

Innovation isn’t something you would normally expect fron Tuanbao, China’s most blatant Groupon clone. After all, Tuanbao CEO Re...

  • December 7, 2012
  • at 1:00 pm
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