Groupon Inc, owner of the biggest coupon website, said it started an online group-buying service in China as consumers in the world's fastest-growing major economy increase spending over the Internet, Bloomberg reported Monday.
The bittersweet of group purchaseTencent Holdings Ltd, China's biggest Internet company, and Yunfeng Capital, a private equity fund started by Alibaba Group Holding Ltd Chairman Jack Ma, are other investors in Gaopeng, the report said.
