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.

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