Who Groupon is Competing With in China

Show HN: Who Groupon is Competing With in China

Based, Who Groupon is Competing With in China works in show hn launch.

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http://min.us/mve8HyfI just thought this is interesting. It's in Chinese so it'd be a little hard for non-Chinese to decipher, but essentially what it is would be the Group Buy website by the Chinese Internet Giant Tencent.What's very interesting about this as opposed to Groupon is that Tencent is selling its own virtual currency on this image. So the deal is that if you purchase 1 QB, which is equivalent to about 1RMB, which converts to about 15 cents USD, you will enter a raffle deal in which for every 1QB that you purchase, you increase your chance of winning a 5 digit QQ ID. Unlike U.S. which the instant messaging world is fairly scattered, Tencent dominates the majority of the IM market

The company sits in the show hn launch segment, where it competes on its core product or service.

It is recorded at the Show HN launch stage.

Website: min.us/mve8HyfI