Wednesday, August 24, 2011

Groupon Venture in China Shuts Some Offices

Groupon Inc.'s joint venture in China has closed offices in some cities and laid off hundreds of employees, according to people familiar with the situation, raising questions about the online coupon company's strategy in a big market ahead of its planned initial public offering.

Source: http://allthingsd.com/20110823/groupon-venture-in-china-shuts-some-offices/

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