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]
Groupon Launches In China Under The Name Gaopeng.com
Categories: AliBaba, Alibaba Group, Alibaba.com, Gaopeng.com, Groupon, Groupon.com, Jack Ma, Tencent, Tencent Holdings, Yunfeng Capital.