Chinese group buying website Meituan.com published its latest sales statistics, claiming that the company achieved sales of CNY440 million in June 2012.
Meituan.com, one of many Chinese group buying websites, has revealed its sales statistics for the first five months of 2012, stating that its overall sales reached CNY1.476 billion, and the company expected to realize profit by the end of the year.
Chinese group buying website Meituan.com has announced that its sales in March 2012 saw a record high of CNY301.587 million.
Chinese group buying website Meituan.com announced that Gan Jiawei, former vice president of Alibaba.com, will join the company as its new chief operating officer.
The world’s search engine giant Google has launched the group buying search service in China, marking its formal entry into the saturated Chinese e-commerce market.
Chinese group buying navigation website Tuan800.com has published a report covering statistics for May 2011, stating that Meituan.com ranked first in China with sales of CNY75.2 million.
China’s Shanda has announced its launch a new navigation site, Tuan.sdo.com, for group buying websites.
Mads Faurholt-Jorgensen, vice president of Groupon, has reportedly revealed the company’s intention to enter the Chinese market.
