Tencent shopped again. Lin Nin, CEO of FTuan, a daily deal site in China, confirmed that Tencent invested in the company for an undisclosed sum.
Tencent already had several group buying offerings, including QQTuan and Gaopeng, a joint venture of Tencent and Groupon, along with deal aggregator SOSOTuan. Obviously Gaopeng has neither adapted to Chinese market nor lived up to its parent company’s reputation. With so many group buying initiatives, one just can’t help but wonder what Tencent want to do with them.
And also, Chinese group buying market has already showed signs of declining, according to a research by Tuan800, a Chinese daily deal aggregator, in May there’re over 4500 group buying sites in China but sales fell in 40 major cities month over month. Prior to that, Beijing, Shanghai and Guangzhou had already showed signs of weakness in monthly sales; these three cities are separately the largest, second and third largest group buying market in China.
Market Decreasing Amid Intense Rivalry
To compete against other players amid intensified competition, Chinese groupons have tried everything from “free lottery”(lashou, meituan, nuomi and so on, with awards including house, Apple laptop, cars, life-long water and electricity bill payment) to celebrity spokesperson (Lashou, Groupon.cn, Manzuo, Jumei and so on).
According to Renren. Inc Q1 2011 financial results, net income for Nuomi in the first quarter was US$ 900 thousand, while operating expense was US$ 4.6 million, which means Nuomi earns RMB 1 yuan while spends 5 yuan.

Chinese actor Ge You featuring in Lashou ad campaign
The situation is no better in other sites. For Lashou, the largest Chinese daily deals site in terms of scale, its sales plunged from this April’s US$ 15.77 million to US$ 10.54 million, an astonishing 33.7% decrease month over month. It seems hiring Ge You, one of the most-recognizable screen icon for Chinese people, as spokesperson and rolling out the ads featuring him in every corner of Beijing among other cites didn’t help much.
–Vacheron Constantin Perpetual Calendar watches uk sale out the ads featuring him in every corner of Beijing among other cites didn’t help much.
this good. humane farming association
Historians distinguish a “First New Deal” (1933) and a “Second New Deal” (1934–36). Some programs were declared unconstitutional, and others were repealed during World War II.
The “First New Deal” (1933) dealt with diverse groups, from banking and
railroads to industry and farming, all of which demanded help for
economic recovery
1996, Nintendo released the Game Boy Pocket: a smaller, lighter unit that requires fewer batteries. It has space for two AAA batteries,
which provide about 10 hours of game play. The Pocket has a smaller
link port, which requires an adapter to link with the older Game Boy.
The port design is used on all subsequent Game Boy models, excluding the
Game Boy Micro.
Instrumental hip hop is hip hop music
without vocals. Hip hop as a general rule consists of two elements: an
instrumental track (the “beat”) and a vocal track (the “rap”). The
artist who crafts the beat is the producer, and the one who crafts the rap is the MC. In this format, the rap
is almost always the primary focus of the song, providing most of the
complexity and variation over a more or less repetitive beat.
This device was made of wood and was cranked by hand while water sprayed
onto the dishes. This device was both slow and unreliable. Another
patent was granted to L.A.
the United Kingdom, the term school refers primarily to pre-university institutions, and these can, for the most part, be divided into pre-schools or nursery schools, primary schools (sometimes further divided into infant school and junior school), and secondary schools. Various types of secondary schools in England and Wales include grammar schools, comprehensives
Such as Barbie
dolls and toy soldiers, are often perceived as being more acceptable
for one gender than the other. It has been noted by researchers that,
“Children as young as 18 months display sex-stereotyped toy choices”.
First Of All, let me commend your clearness on this subject. I am not an
expert on this topic, but after registering your article, my
understanding has developed well. Please permit me to take hold of your
rss feed to stay in touch with any potential updates. Solid job and will
pass it on to supporters and my online readers.
gerber baby photo– Event
Thanks for this post. I definitely agree with what you are saying. I have been talking about this subject a lot lately with my father so hopefully this will get him to see my point of view. Fingers crossed!
raovat
The Good Restaurant Guide is another Australian restaurant guide
that has reviews on the restaurants as experienced by the public and
provides information on locations and contact details. Any member of the
public can submit a review.
These in a row are very functional. Really, I feel like this technologies gives additional wisdom. Genetic engineering mostly used taking part in urbanized rural area but with the purpose of period its machinery used other develop countries.
SMS as used on modern handsets was originated from radio telegraphy in radio memo pagers using standardized phone protocols and later defined as part of the Global System for Mobile Communications (GSM) series of standards.
Starting in 1997, the Royal Canadian Mint started to sell hockey medallions to the public. To commemorate the induction of Mario Lemieux in the Hockey Hall of Fame, a set was issued honouring all three inductees. One set was issued in Sterling Silver while another was issued in Nickel. The success of the release led to future issues.
Tencent Holdings Limited is apublicly owned holding company whosesubsidiaries provide Internet and mobile phonevalue-added services and operate online advertisingservices in the People’s Republic of China.Its headquarters are in Nanshan District, Shenzhen.Tencent’s diverse services include social networks,web portals, e-commerce, and multiplayer online games.
It’s really great post share here thanks a lot..
I think it is a interesting topic with have a good collection of nice thought!keep it continue….
Thanks
I just visit your blog & read this article.
Thanks for sharing
Ya!You have write here a good advice on this article.I read it very carefully.I think it is a best article on this blog….
I really wanna thanks. i would say, great stuff shared.. 🙂
You really do get the best deals here
I have find this type of post a log time. Lastly I find out this. I am so much lucky today.
deals
Thanks for your nice article. Please don’t stop writing . Really I miss your written.
Things are getting crazy in the Google world. They just changed their algorithm so that two computers in the same building may get different results from the same keyword. Better know what you are doing I guess. http://www.seolinksource.com
http://marketbusinesses.blogspot.com/
There are so many daily deal sites about now! http://www.sextoys2you.co.uk/index.html
There really are lots of daily deal sites around now, http://www.sextoys2you.co.uk/Fleshlights/c224/index.html
Daily deals are cool!
Cool stuff are simply accessible. In fact, you can have it in just a click.
The deals of tencent are just so tempting! Hahaha! I just had to purchase when it pleased me. 🙂 You guys should try it!
Nice article, keep it up. good job..
No wonder China emerged to be one of the biggest and most developed countries int he world.
Sleeping giant as what others call it.
This is a very informative article.I was looking for these things and here I found it. Like the site Suchmaschinenoptimierung I am doing a project and this information is very useful me. I always try to find information and hopefully I found more about what I am looking for.
Thanks
Lin Nin is a smart guy and he knows what he’s doing! 🙂
I’m sure they will head in the right direction here.
Check out http://www.memoryvitamins.com
This is a good site. Hydroxycut
what a one of the decent site i recommend to this desert safari
This is really good site and it’s looking so nice… ! I love this site.. bedouin dubai desert .
Great looking site.
Merchant
Services
I respect and love him from the core of my heart.The part of our life which we spend for receiving academic education.
rushessay.com
Your informational post is good one to read and i think it can easily to reach the correct market place. so thank for creating this interesting blog. kids dance party
its really nice post…..thanks for sharing…
adult dance