Cloud Computing, Internet Datacenters and Big Data Business Intelligence from China

China’s Develops Group Buying Internet Service With COFCO

Chinese lifestyle information website has launched a new collective buying product, which will first cooperate with owned by COFCO Group in providing group buying deals in Beijing. has reportedly contacted almost 100 vendors for initial cooperation, including many business-to-consumer websites and Golden Harvest Cinema. The products of’s group buying will cover dining; apparel; entertainment venues; maternal and infant supplies; and household supplies.

Yang Haoyong, chief executive officer of, told local media that they did not follow suit when the collective buying business was just started in China; instead the company is formally launching its collective buying product line on the demands of its customers and users. Prior to this, launched a navigation platform for group buying websites, linking local group buying websites in Beijing, Shanghai, and Guangzhou.

In addition,, the collective buying website jointly invested by Groupon, Tencent Collaboration Fund and Yunfeng Capital started formal operation on March 16, 2011. It offers deals in Beijing and Shanghai, respectively.

Share this news:

Be the first to comment on "China’s Develops Group Buying Internet Service With COFCO"

Leave a comment

Your email address will not be published.


  Other China News

Nokia Phone Returns To China Via Exclusive Sales Channel

Artificial Intelligence Experts Join Sinovation Ventures

Apple's Struggles Drop Foxconn's Revenue 2.81% In 2016

Artificial Intelligence Guru Finds Search Engine Baidu


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco