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April 19, 2012 02:58 am GMT
This post is contributed by Ben Jiang, editor of TechNode, a bilingual blog based in China.Gaopeng, a joint venture between Groupon and Tencent, may be headed for a merger by the end of next month with FTuan, according to reports from local Chinese news agencies. Notably, FTuan is a rival Chinese daily deal service that Groupon's local partner Tencent invested in. If such a deal happened, it would underscore Tencents increasing control over the venture and Groupon's retreat in the Chinese market.Gaopengs constant losses have apparently made Groupon think twice about its China venture.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fAvQa5nrBV8/
Gaopeng, Groupons Flagging Effort in China, May Be Headed For A Merger with FTuan
This post is contributed by Ben Jiang, editor of TechNode, a bilingual blog based in China.Gaopeng, a joint venture between Groupon and Tencent, may be headed for a merger by the end of next month with FTuan, according to reports from local Chinese news agencies. Notably, FTuan is a rival Chinese daily deal service that Groupon's local partner Tencent invested in. If such a deal happened, it would underscore Tencents increasing control over the venture and Groupon's retreat in the Chinese market.Gaopengs constant losses have apparently made Groupon think twice about its China venture.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fAvQa5nrBV8/
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