Alibaba’s China retail marketplace platforms surpassed RMB 3 trillion (US$476 billion) in GMV in its fiscal 2016 which ends March 2016, as of 21 March 2016 at 14:58:37.
Groupon has finally launched their deal in China on Gaopeng.com, in collaboration with Tencent. One powerful feature of the website is that users can login with their qq account and accumulate rebate points (what Tencent call “Caibei” points). Considering there are over 600 million active users on QQ platform, this is no doubt a powerful integration. […]
Since Taobao launched Ju Huasuan, a Groupon-like website at ju.taobao.com last March, over 5 million users have purchased with total sale of 200 million yuan (or USD 30.22m) in 2010.