Groupon CEO Andrew Mason showed up at a press conference on June 10 after investigating China market and visiting Gaopeng Beijing office, the group-buying site co-launched by Groupon and Tencent, the giant Chinese internet company. Mason said that he was pleased to partner with Tencent, Gaopeng COO Yun Ouyang had been exercising strong leadership, and Groupon was going to support Gaopeng to crank up business and credit with its global resources. Then he just left for an“important meeting”, more likely because Groupon is in quiet period (Groupon has filed for IPO at Wall Street to raise US$750 million.)

Ouyang said Gaopeng had acquired three small daily deal sites in China, and had an intention to conduct its own IPO, though without exact time schedule yet.

It is worth nothing that Ouyang was introduced as COO of Gaopeng rather than CEO at the conference, which according to Ouyang is the outcome of the recent restructuring. Actually, Gaopeng is now ruled by COO.

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