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“Most Chinese people are unaware of the U.S.-based groupon.com website. But the Chinese clones of the site, called 团购网 (tuangou wang), are quickly becoming some of the most popular online shopping platforms in China.

RenRen, a leading Chinese social network and Facebook clone, also launched its own group purchase site called Nuomi. Its success was easily measured when it only took hours for 152,095 users to buy an offer for two movie tickets, two soft drinks, a box of popcorn and one Häagen-Dazs ice cream.

Dianping.com and RenRen, although major players, are not alone in taking advantage of the tuangou wang trend. Other major portal websites such as Sohu, Sina and QQ.com have launched group purchasing deals for Chinese netizens.”

Full Article at CNNGo

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