facebook
twitter
rss
account
search
search
 

Groupon now GaoPeng.com in China

Feb. 28, 2011 at 12:33 PM   |   Comments

BEIJING, Feb. 28 (UPI) -- Online discount deal maker Groupon Inc. said it is now open for business in China, starting with services in Beijing and Shanghai.

To open in China, the fast-growing firm had to first find a partner and then a name for its Chinese business. It is operating as GaoPeng.com in partnership with Chinese Web business Tencent, Crain's Chicago Business reported Monday.

Groupon has already established itself throughout Asia, beginning with a daily deals Web site in Japan. It has also opened services in India, the Philippines, Taiwan, Singapore and Hong Kong.

Groupon, frequently mentioned as a company on the cusp of issuing an initial public offering this year, raised $16.2 million in venture capital in February, the firm said in a U.S. Securities and Exchange Commission filing. In the same filing, it said Starbucks Corp. Chairman and Chief Executive Officer Howard Schultz had been added to its board of directors.

Topics: Starbucks
© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
U.S. not open for Kurdish oil, Baghdad says
2
U.S. Navy receives new attack submarine
3
Apple in talks to launch iPhone wallet
4
Iran boasts of nuclear energy potential
5
Libya claims oil output growing
Trending News
Video
x
Feedback