Chinese Internet portal NetEase.com has launched a new coupon platform, Quan.163.com, marking its latest online move following the unveiling of its recent lottery and insurance e-commerce businesses.

Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing.

An insider from the Chinese Internet company Tencent has confirmed to the local media that the American collective buying website Groupon will establish a joint venture with Tencent to enter the Chinese market, and the CEO of the new company will be assigned by Tencent.

According to Lakala Shanghai, from now on, consumers can go to over 5,000 Lakala payment sites in convenience stores, supermarkets, and drugstores in Shanghai to print various coupons free of charge.

Retail giant Wal-Mart will open its first outlet in Guangzhou in November 2009.

According to foreign media, having opened its first Chinese retail store in Beijing, Apple has announced that its second retail store in China will be opened soon.