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]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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