Tencent

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Feb. 28 at 5:54 a.m.
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Filed under: Advertising/Marketing, China, International

Groupon partnering with Tencent in China

By Dow Jones Newswires

U.S. deals Web site Groupon Inc. said Monday it is teaming up with Chinese Internet giant Tencent Holdings Ltd. to launch a group-buying services Web site in China, placing it ahead of other major U.S. social Internet companies in building a China presence.

For Chicago-based Groupon, the deal represents an ambitious attempt to expand overseas while for Shenzhen-based Tencent, it is an attempt to tap further into growth beyond the company’s core business areas of online gaming and messaging. Get the full story »

Jan. 17 at 6:51 a.m.
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Filed under: Advertising/Marketing, China, International

Groupon talks with China’s largest Internet co.

By Dow Jones Newswires

Groupon is in talks with Chinese Internet giant Tencent to form a partnership to accelerate its effort in the critical Asian arena, said several sources with knowledge of the situation.

Terms of the deal are unclear, but sources said that it is likely to involve some sort of co-branded joint venture effort between the two–a key strategic move for Groupon given the hard-to-penetrate-if-you’re-not-Chinese Chinese market. Get the full story »