Groupon Launches In China Under The Name Gaopeng.com

Groupon has launched in China under the name Gaopeng.com. The website will initially cover Beijing and Shanghai. Tencent Holdings and Yunfeng Capital are investors in Gaopeng. Yunfeng Capital is a private equity fund started by Alibaba.com Chairman Jack Ma. Some of Gaopeng.com’s competitors include Lashou.com and Meituan.com. [Bloomberg]

Related posts:

1. Groupon Hits Half Of Its $950 Million Series G Goal
2. Groupon China May Strike A Deal With Tencent
3. GMail Launches PDF Viewer
4. Groupon Will Let Vendors Set Up Free Microsites Called Groupon Stores
5. Reliance Capital Buys 18% Of Bloomberg UTV