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Groupon launches group-buying site in China

03-01-2011 12:36 BJT

BEIJING, March 1 (Xinhuanet) -- World's largest coupon website Groupon on Monday launched a group-buying website in China, Gaopeng.com, according to AP reports.

The home page of Gaopeng.com. (Photo: Gaopeng.com)

The U.S.-based website entered the Chinese market by collaborating with Tencent.com, a local web giant that offers entertainment, e-commerce and other services.

"The collaboration combines Groupon's global group-buying experience with Tencent's in-depth knowledge of Chinese online communities," Groupon said in a statement.

Customers can now sign up on Gaopeng.com, but discount deals will not be offered until March.

Gaopeng.com will first offer discounts on eating, shopping and entertainment in Beijing and Shanghai, and then expand to cover other major Chinese cities.

The site advertises that discounts will be from 50 to 70 percent off.

China has the world's biggest Internet population with more than 457 million users, many of whom are willing and able to spend online.

Founded by Andrew Mason in Chicago in 2008, Groupon offers discounts to its subscribers on retail goods and services on a daily basis.

Editor:Zheng Limin |Source: Xinhua

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