00:27 ET<\/span>
\n<\/span><\/p>\nDaily-discount website Groupon has started operations in China, taking its electronic-commerce platform to the world’s largest internet market.<\/p>\n
The site will be called GaoPeng.com in China and is a partnership between Groupon and Chinese internet giant Tencent.<\/p>\n
US-based Groupon offers discounts online to about 50 million users. <\/p>\n
Analysts say Groupon could face tough competition from Chinese companies offering similar services.<\/p>\n
“Discounts will always be popular but the question is, will Groupon be more popular then the other websites?” said Paul Wuh of Samsung Securities.<\/p>\n
“There are many entrenched companies already offering this product,” Mr Wuh added.<\/p>\n
Email offers<\/span><\/p>\nTabao, China’s largest electronic-commerce website, is one such company.<\/p>\n
It launched a group-buying website last year.<\/p>\n
Groupon’s Chinese operation, GaoPeng.com, will send out daily emails offering discounts at shops in China.<\/p>\n
To start with the service will only be available in Beijing and Shanghai. The plan is to then expand the service to other cities.<\/p>\n
The website is open from Monday for user registrations, and will begin sending out deals in March.<\/p>\n<\/p><\/div>\n<\/p>\n
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