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Groupon gearing up for Chinese launch

Fox Business News | February 21, 2011 | Jennifer Booton

Local deals Web site Groupon is reportedly preparing to launch operations in China, a move that would catapult the young U.S. company into the tech-savvy nation.

According to a report by The Wall Street Journal, an office in Beijing affiliated with Groupon has been conducting job interviews.

The office operates Gaopeng.com, a Web site listed as registered by someone at Internet giant Tencent Holdings, a 10% holder in Digital Sky Technologies, one of Groupon’s backers, according to the paper.

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