Back in last Dec there’re nearly 2000 daily deal sites in China, as of now the number is over 5300, which means more than 3000 group buying service mushroomed in H1.

According to Xu Maodong, founder and CEO of group buying site 55tuan.com, of the ten largest group buying offerings in China, none of which is making any profit yet.

Unconfirmed rumor said NetEase exec Wu Yunyang quits to start a new business with former NetEase VP. Wu later on dismissed the rumor, saying he quits to live his dream of rock climbing. Still, his resignation will have certain negative impact on NetEase gaming division.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.