Alibaba announced today that the largest Chinese B2C site is spinning off its group buying platform Juhuasuan (translates to “deals aggregator”) , making the Taobao-owned platform another Alibaba-Taobao subsidiary on the heels of Taobao’s spin-off of Etao.com, a price comparison service with affiliate programs.

Juhuasuan tops China’s group buying market in this August in terms of Unique Visitors Per Day with over 9.7 million people using it every day, according to a report by Chinese researcher iResearch. Lashou and 55Tuan comes in second and third in the report.

According to an internal email, “Taobao’s primary responsibility is to serve as a cradle for Chinese entrepreneurs, to foster the prosperity of SME as well as to take the lead  in ecommerce ecosystem.”

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Ben Jiang

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