Words have been whirling that Gaopeng, the JV of Groupon and Tencent would be merged with FTuan, another Chinese daily deal service invested by Tencent by the end of next month, a move highlighting Groupon’s retreating and that Tencent’s gaining more control over the venture.

It is said that Gaopeng’s keeping losing money made Groupon begin to have second thoughts about its China venture.

Gaopeng’s Pitfall

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Ben Jiang

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