It’s good to be a copycat in China as long as the market it’s dealing with is still hot, and if you own the .cn domain of the original site, it is definitely one of the keys to get more attention (or just get people confused…) and even succeed. We just heard that Groupon.cn got acquired the group buying giant Groupon.com, the deal is signed today.
Groupon.cn is launched in March 2010. It raised the first round $2.2millions in April 2010, and in December 2010, the second round (reported ~rmb 200-300 millions) was closed.
We’ve been writing about Groupon.com in China, the comments on Gaopeng.com were not that optimistic. So how about Gaopeng + Groupon.cn?