Posts Tagged: group buy

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Rumor: Several Chinese Group Buy Sites Way Behind Paying Merchants

The group buy business in China has gotten so rough that I don’t need to link to specific cases anymore. No, all I need to do is say g...

  • December 1, 2011
  • at 1:00 pm
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1,483 Chinese Group Buy Sites Closed, 456 in October Alone

At this point, everyone knows that the group buy market in China is, er, going through a rough patch. The question has long since shifted fr...

  • November 24, 2011
  • at 2:36 pm
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Chinese Group Buy Scam: 24quan Closing Offices, Withholding Wages, Ignoring Debts

Last month at Techcrunch Disrupt, Du Yinan of the group buy site 24quan surprised us all by saying that even in the midst of a market so har...

  • November 16, 2011
  • at 3:00 pm
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Rumors Lashou Canceling IPO, and Our Sources Suggest…

It seems like just yesterday that Lashou was all ready to go IPO on the NASDAQ as LASO. But now, in the middle of its road show, a rumor is ...

  • November 10, 2011
  • at 1:30 pm
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disrupt group buy

Attack of the Clones: Group Buy Session at TechCrunch Disrupt Beijing

This is a part of our TechCrunch Disrupt 2011 event coverage. #10:28: Aaaand we’re back. After some connection issues, we’re not...

  • November 1, 2011
  • at 10:32 am
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Group Buy Bigwigs Skip Government Meeting on Industry Troubles

The group buy industry in China is having a rough go of it. Aside from the layoffs and closings, there have been rumors of corrupt practices...

  • October 26, 2011
  • at 5:00 pm
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Big Surprise: Local Group Buy Sites in China Not Doing Well

If you didn’t get that the title is sarcastic, you probably haven’t been following the group buy scene in China very closely. Ev...

  • October 24, 2011
  • at 5:30 pm
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Taobao’s Daily Deals Site Grows Up, Spins Off

Alibaba has today announced that its group buy site, Taobao Ju Hua Suan – meaning Taobao group bargains – is going to be spun of...

  • October 20, 2011
  • at 10:20 pm
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Rumor: Chinese Daily Deals Site Bracing for Huge Jobs Lay-Offs

Today, the Chinese media is reporting rumors from reliable sources that Lashou, one of China’s leading indie group buy sites, is about...

  • October 14, 2011
  • at 2:20 pm
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24quan in Trouble? CEO Du Yinan Responds

Last week we wrote about some of the concerning reports circulating on the net about group buy site 24quan’s, ahem, “restructuri...

  • November 28, 2011
  • at 11:10 am
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No End to Interest in Chinese E-Commerce, as 2011 Sees 7 Billion RMB Invested

Stats put together by ChinaVenture show that Chinese web companies of the so-called online-to-offline (O2O) variety – such as group-bu...

  • November 23, 2011
  • at 5:00 pm
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Deals And You Raises $17 Million Funding from Mayfield Fund and Norwest Venture Partners

Group buying website Deals and You has raised $17 million from a group of investors, led by Mayfield Fund and Norwest Venture Partners ̵...

  • November 11, 2011
  • at 8:40 pm
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Big Surprise: College Group Buy Sites in China Also Dying

China’s beleaguered group buy sites are for the most part doing so badly these days that the “Chinese group buy segment hurting&...

  • November 7, 2011
  • at 2:10 pm
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Innovation Works’ Buding Start-Up Gets Its Just Desserts, Some A-Round Funding

The Innovation Works-incubated start-up Buding – aka ‘Pudding’ in English – has received A-round financing for its o...

  • October 27, 2011
  • at 10:00 pm
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As Group-buy in China Slows Down, Qianpin Focuses on Localizing E-commerce

While group-buying has slowed down in China (see our previous posts here and here), upcoming new start-up Qianpin is focusing on making e-co...

  • October 26, 2011
  • at 1:30 pm
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Dianping Gets Glowing Review From Chinese VCs

The Chinese group buying and venue review site,, has been awarded the title of “Chinese web company with the most investm...

  • October 24, 2011
  • at 2:30 pm
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Report: 42.2 Million Chinese Use Daily Deals Sites [STATS]

The China Internet Network Information Center (CNNIC) has today released a paper entitled 2011 China Group Buy Users Investigative Report wh...

  • October 19, 2011
  • at 10:45 pm
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Layoffs and Closings for 55tuan; Group Buy in China Hurting

55tuan, one of China’s largest group buy sites, has become the latest to fall victim to large scale office closings and layoffs. Follo...

  • October 13, 2011
  • at 2:00 pm
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