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Groupon, Tencent to set up joint venture to tap collective buying market in China, says paper

Lisa Tsai, Taipei; Adam Hwang, DIGITIMES Asia Wednesday 19 January 2011 0

Deal-of-the-day website Groupon, and Tencent, one of the largest web portals in China, will establish a joint venture to operate online collective buying services in the China market, with each to hold a 50% stake, according to a report by the China-based...

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