Rumor: Groupon in China to be acquired by FTuan

Tech in Asia :: Tech in Asia's Steven Millward reports, that Groupon’s daily deals site for China, Gaopeng, which is run as a joint-venture with Tencent, looks like it is a pawn in the upcoming restructuring of Tencent’s group buy operations. New rumors say an internal email from Gaopeng has told staffers that Tencent’s deals site, QQTuan, will stop being an aggregator and instead feature only offerings from Gaopeng and its outsourcing partner FTuan. Further to that, a Gaopeng executive is believed to have said that the Groupon subsidiary will be acquired by FTuan.

Reported by - Continue to read Steven Millward, www.techinasia.com