This post is contributed by Ben Jiang, editor of TechNode, a bilingual blog based in China. Gaopeng, a joint venture between Groupon and Tencent, may be headed for a merger by the end of next month with
FTuan, according to
reports from local Chinese news agencies. Notably, FTuan is a rival Chinese daily deal service that Groupon's local partner Tencent invested in. If such a deal happened, it would underscore Tencent?s increasing control over the venture and Groupon's retreat in the Chinese market.?Gaopeng?s
constant losses have apparently made Groupon think twice about its China venture.empty nest nbc sports bengals vs texans nfl playoffs cincinnati bengals bengals the stand
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