China’s state media blasts troubled community group buying companies for ‘burning cash’


Before the recent setbacks of start-ups Nice Tuan and Tongcheng Life, China’s community group buying market was expected to be worth US$16 billion this year. Photo: Shutterstock


Before the recent setbacks of start-ups Nice Tuan and Tongcheng Life, China’s community group buying market was expected to be worth US$16 billion this year. Photo: Shutterstock