Kaixin001 To Co-operate Group Buying Service; Baidu To Launch Online Recruitment Service With New Domain Name And Branding

Kaixin001, one of the most popular Chinese SNS service is considering shifting its strategy regarding group buying, people familiar with the matter said. The company will team up with a third party daily deal service to operate its own group buying service.

For the past month, Chinese groupons including Lashou, Meituan, Ftuan and Manzuo all approached the Beijing-based SNS to negotiate the potential tie-up.

Kaixin001 made its first foray into group buying forefront in last Decmember, targeting white-collars in big cities.

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