Gaopeng.com is a group-buying website that offers discounts to customers at local merchants in China via daily emails.
Business Model:
Revenue: $0
Employees: 10,001-1
Address:
City: Beijing
State: Beijing
Zip:
Country: China
Gaopeng.com operates as a group-buying website in China. It is an online portal that offers discounts to customers at local merchants in China via daily emails. Gaopeng.com is financed by Groupon and Tencent, each of which owns 50% of the share. The site combines Groupon’s global group-buying operation experience with Tencent’s large user base. In August 2012, Gaopeng.com and Ftuan.com merged into one company named Wangluotianxia, and Lin Ning was appointed as its chief executive officer. Tencent and Groupon invested 40 million U.S. dollars in the new company and became principal shareholders together with the management team. Gaopeng.com was launched on February 15, 2011.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 7/2013 | Unattributed | $30M | 3/2011 | Series B | 2 | $10M |
Tencent Industry Win-Win Fund YF Capital Tencent Industry Win-Win Fund YF Capital |
1/2011 | Series A | 1 | $25M |
Mitsui Global Investment Mitsui Global Investment Mitsui Global Investment Mitsui Global Investment |
1/2013 | Series D | 1 | - |
Tencent Industry Win-Win Fund Tencent Industry Win-Win Fund |
10/2011 | Series C | 2 | $15M |
Legend Capital Tencent Industry Win-Win Fund Legend Capital Tencent Industry Win-Win Fund |
1/2013 | Series D | 1 | - |
Tencent Industry Win-Win Fund Tencent Industry Win-Win Fund |
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