Baidu, the largest Chinese search engine is rumored to have invested in group buying vertical 36tuan.com, right after another similar service Miqi.cn announced its $1.5m Series A round of funding from DT Capital Partners

Apart from 36tuan and Miqi, Jumei.com which is competing in the same forefront has also raised US$ tens of millions from Sequoia in March of this year.

Founded by serial entrepreneur Tsinghua graduate Su Haizhen in 2010, 36tuan now claims over 1 million registered users with about 100 staff.

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Ben Jiang

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