Posted inChina, Hong Kong

Groupon exits Hong Kong at a discount

Six years, only US$671,000! That’s what Groupon Inc is walking away with after exiting its once lucrative business in Hong Kong. Hong Kong Television Network this week agreed to buy Shift Media Group, a subsidiary of Groupon Inc since June 2010 when it launched in the vibrant city of just over 7 million people. However, the price tag, […]

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