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Group-buying deal sparks fresh merger speculation

Updated: 2012-06-28 08:08
By Gao Yuan ( China Daily)

Group-buying deal sparks fresh merger speculation

A promotion organized in Hangzhou, East China's Zhejiang province, by the group-buying website GaoPeng.com, a joint venture with Groupon Inc. GaoPeng will merge with Ftuan, a group-buying site under Tencent Holdings Ltd. Provided to China Daily

The Chinese Internet giant Tencent Holdings Ltd said on Wednesday its daily-deal website Ftuan is merging with Groupon Inc's China venture GaoPeng to form a new company in a move that is likely to trigger another round of merger speculation in the country's under-pressure group-buying sector.

Group-buying deal sparks fresh merger speculation

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