24quan

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 suspended operations back in October. So

We’ve been seeing China’s hotly-contested daily deals industry settle down a bit in the past year – and now new data for 2012 Q3 shows huge consolidation of power (ie:

You might recall that in June of this year, Groupon China was merged with larger daily deals rival FTuan into a company called GroupNet. And now GroupNet’s CEO, Lin Ning,

The troubled Chinese daily deals site 24Quan.com has announced that it is suspending its business for a few weeks – and that it “hopes to resume” in a few weeks’

It’s no secret that group buy is more or less in shambles in China for everyone but a few of the top players. But it seems even some of those

Updated stats for China’s fierce group-buy market seem to suggest that we can now crown a triumvirate of winners – Lashou, Meituan, and 55Tuan. That’s because the trio has finally

24quan CEO Du Yinan, at right, during Disrupt Beijing's group buy session Last week we wrote about some of the concerning reports circulating on the net about group buy site

We don't recall Yinan Du (right) discussing the 'incur and then ignore massive debt' strategy when he was onstage at Disrupt Beijing last month Last month at Techcrunch Disrupt, Du

Everyone loves a bargain. So which daily deals sites are creating the hottest deals? (Image source: China Daily) In updated stats from group buy deal aggregator DaTaoTuan which go right