Retailing, Franchising, and Consumerism Business Intelligence in China

Chinese Internet Company Offloads Group Discount Buying Business

China's and have jointly announced that has become the operator of's group buying business.

The Chinese classified information website said that it has reached a strategic cooperation with and the company will team with this professional group buying website in the operation of its group buying business. Currently,'s group buying page has been redirected to warned its users that starting from April 12, 2012, would team with in the joint operation of group buying business. Its former group buying users who want to purchase the jointly operated products need to register new accounts on

The company also said that former users who still have money in their accounts need to provide their bank accounts for refunds.

So far, both of the two parties declined to reveal more details of the joint operation.

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