Business Intelligence on Retailing, Franchising, and Consumerism in China Partners With For Chinese Group Buying Internet Service

Chinese lifestyle information website has launched a new collective buying product, which will first cooperate with owned by COFCO Group in providing group buying deals in Beijing. has reportedly contacted almost 100 vendors for initial cooperation, including many business-to-consumer websites and Golden Harvest Cinema. The products of's group buying will cover dining; apparel; entertainment venues; maternal and infant supplies; and household supplies.

Yang Haoyong, chief executive officer of, told local media that they did not follow suit when the collective buying business was just started in China; instead the company is formally launching its collective buying product line on the demands of its customers and users. Prior to this, launched a navigation platform for group buying websites, linking local group buying websites in Beijing, Shanghai, and Guangzhou.

In addition,, the collective buying website jointly invested by Groupon, Tencent Collaboration Fund and Yunfeng Capital started formal operation on March 16, 2011. It offers deals in Beijing and Shanghai, respectively.

1 Comment on " Partners With For Chinese Group Buying Internet Service"

  1. One Day Deals | March 21, 2011 at 8:51 am |

    Hi great article! Daily deals have exploded in the land ‘Down under’. within the space of 6 months more than 40 sites have or are about to launch this month. Aggregator websites are quickly becoming the first point of call to most consumers as it’s impossible to view each website. I’m part of a team who set-up a new start up aggregator website called Dealsguide. Visit and see what you think.

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