Gaopeng, Groupon?s Flagging Effort in China, May Be Headed For A Merger with FTuan

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.

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