Groupon launches China site at Gaopeng.com
Groupon has finally launched its China site at GaoPeng.com, following weeks of reports and speculation on how the U.S. company was going to enter the country's burgeoning Internet market.
Groupon has finally launched its China site at GaoPeng.com, following weeks of reports and speculation on how the U.S. company was going to enter the country's burgeoning Internet market.
While Groupon continues to say little about its plans for China, local group buying sites in the country already expect the U.S. company to arrive, but not without facing a host of challenges.
Group buying sites in China are vowing not to re-hire employees who go to work for Groupon, as a way to prevent the company from poaching their workers, according to a staff member at one Chinese group buying site.
Groupon has completed its US$950 million funding round and the money will be used to improve its technology infrastructure, continue its business expansion and let employees and existing investors cash out stock, the online coupon provider said late Monday.
Google reportedly tried and failed to buy Groupon a few weeks ago
Salesforce.com's announcement Wednesday of plans to buy Heroku, as well as a rebranding of its array of services, makes it clear the vendor wants to be a one-stop shop for developing applications in the cloud.
Groupon rival Living Social has landed a US$175 million investment from online retail giant Amazon.
Google would be overspending if it paid north of US$5 billion to acquire online coupon provider Groupon, according to various industry analysts.