Chinese group-buying site 55Tuan secures $50m
55Tuan, a Chinese group-buying site, has received $50 million in a new round of funding from existing investors, including CDH Investments and Zero2IPO Capital.
The new capital will be used to expand the company's services to more major cities, develop its mobile business and optimize products and services, 55Tuan told NetEast. The group-buying site was launched...
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