Local news broke last week that 360buy is looking to outsource its group buying business while 55Tuan appears to be one of the bidders as the two were rumored to be in discussion about the possibility.

Now It’s 360buy’s Turn

The 360buy move followed 55Tuan’s taking over of Ganji group buying business two weeks ago. And Ftuan has already been taking care of kaixin001’s daily deal sites since last year. More and more Internet companies who jumped into the group buying arena now after second thought were considering closing down or outsourcing their group buying ventures. We’re expecting to see more similar deals in the near future.

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Yang Wang

Yang is currently the brand and media director at Elitime Media & Consulting. He has published and translated seven books, and several of his works have been translated and published in areas such...