Group-buying sites remain a VC risk
Group-buying websites in China is the trend that keeps on growing. In the last 18 months, an estimated 3,600 participants entered the market. Industry sources say 10% of those have received capital from outside sources – much of it from domestic and overseas VCs looking for the Groupon of the East.
The China e-Business Research Center estimates the industry is seeing growth of more than 29% per month. According to Chinese website Tuan800.com, which tracks and analyzes China's online group-buying...
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