... Groupon’s joint venture in China is facing a cash crunch just months after its inception, due to breakneck expansion and management infighting triggering an acute cash crunch, managers at the company said.
... Other American internet companies such as Ebay, Yahoo and Google have also seen their China ventures go sour.
"Etc, etc, etc"
"Richard & Co lost out last time with broadband coming quicker than expected, this time they go to market, market not coming to them, market will follow, think about it, right place right time, BANG!"
... "The bloom has come off [Groupon] for a number of reasons. Groupon has ALMOST NO BARRIERS TO ENTRY and has had to contend with dozens and dozens of copy cats –apparently 600 at the peak. The glut of services has led to consumer and merchant overload (including lower commissions in some cases), and perhaps fatigue."
GCN Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held