Groupon Going to China

Apparently no one saw their Tibet Super Bowl ad. Groupon is getting ready to expand to China, recruiting from universities and conducting interviews in Beijing. China’s 450 million Internet users are a lucrative market, but one U.S. companies have had difficulty tapping, as China’s Internet is tightly regulated and dominated by local companies. Groupon’s been growing quickly since it came onto the scene in 2008, but it will have to compete with a plethora of local group coupon search engines already in China, such as Tuan800.com, which estimated that it will handle over $2.4 billion in transactions in 2011.