Groupon, Tencent, Alibaba and China
Are Groupon and Tencent venturing into China? The rumor goes on but it seems that both Internet giant have already strike a deal. Mobinode confirmed it. It was rumored that the site will be fully launched this year May. To match up with Groupon’s ambitious plan in China, it was reported that 1000 staff would […]
Groupon and Tencent to Joint Venture in China?
Groupon usually adopts an acquisition approach when entering a new market. In Asia, Groupon had already acquired clone sites in India, Philippines, Singapore and Taiwan. But without China and its 1.3 billion-population market, Groupon’s quest in Asia will never be completed. Groupon realizes that it needs an experience partner and it seems that China’s largest […]
$6 Billion for Groupon: Is Google Overpaying?
The Google-Groupon deal isn’t just $2.5 billion. The rumored price is way too low. According to All Things Digital, Google has offered $5.3 billion for the social group-buying website with an additional $700 million earnout based on performance. If the deal were to happen, it will be Google’s largest acquisition ever. Although Google has multiple […]