As we noted yesterday and discussed with Groupon COO Rob Solomon months ago, Groupon has been a bit flummoxed over how to enter the difficult but insanely lucrative Chinese market. If you thought the recent acquisitions of sites in Taiwan and Hong Kong were the answer, think again. Apparently Groupon's Berlin team-- which has been leading much of its international efforts with varying degrees of success-- has hired its own team and sent them to China to build something new on the mainland from scratch. (I'd guess a future acquisition might still be in the offing once it gets its China sea legs.) Now, a source tells us that Groupon China is using "large parts" of that $950 million to aggressively hire for all positions. Source: http://feedproxy.google.com/~r/Techcrunch/~3/2iWX3Wm8yJo/
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