(This article was co-authored by Ahn Seunghae and Jason Lin. Ahn is the founder and CEO of LetYo.com, China’s first group buying search provider while Jason is a student of Political Science at the National University of Singapore who is now stationed in Beijing doing Business Development at LetYo.com.)

Despite incurring massive losses of US$654 million, Groupon succeeded in achieving IPO on 4 Nov 2011. Groupon, the first firm in the group buying industry to go for IPO, has sparked discussions on the highly debated topic: what does this entail for the future of group buying? Speculations about Groupon’s post-IPO performance have been strife; but it is probably too early a time to make any form of constructive evaluation, especially when Groupon has been racking up massive amounts of losses. Besides attempting to smash allegations that the group buying industry will fail, Groupon’s IPO move may well trigger a domino effect in encouraging others in the same industry to do the same.

Lashou – Chinese Group Buying Firm with Highest Net Loss to be First to IPO?

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Ben Jiang

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