Groupon launches China site at GaoPeng.com, with Tencent as one of its major backers. The U.S. company is hoping to tap the new e-commerce trend in China known as “group buying” The site advertises discounts that run from 50 to 70 percent off. China, with its 457 million Internet users, represents the next major market for Groupon. Competition is already fierce among local rivals, with local rivals saying they will not re-hire any employees who have gone to work for the company.”]
Source: https://www.csoonline.com/article/2127521/groupon-launches-china-site-at-gaopeng-com.html