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(单词翻译:双击或拖选)
LOS ANGELES/SHANGHAI, Feb 27 (Reuters) - Daily-deals website Groupon goes live in China on Monday, bringing its popular brand of Internet retail1 to the world's most populous2 nation.
GaoPeng.com, funded by Groupon, the Tencent (0700.HK) Collaboration(合作,协作) Fund and Yunfeng Capital, will begin accepting email registrations3 from local consumers, with daily deals promoting local merchants to debut4 in March.
However, analysts(分析家) cast doubts over how successful Groupon can be in China given the numerous group-buying websites that are already active in the country.
"Discounts will always be popular but the question is, will Groupon be more popular than the other websites," said Paul Wuh, a Hong Kong-based analyst5 with Samsung Securities.
"There are many entrenched6 companies already offering this product," Wuh said.
Taobao, China's largest consumer e-commerce website, launched a group-buying website last year, while other sites such as Mei Tuan and Man Zuo have also sprung up. Popular portal websites such as Tencent's QQ and Sohu.com (SOHU.O) have also launched group-buying websites.
China had almost 19 million group-buying users at the end of 2010, according to government statistics(统计).
Wuh said the move is generally positive for Tencent as it signals that China's largest Internet firm is further expanding its operations its core revenue driver of games.
Groupon had been widely reported to be scouting7 out locations and workers in China, seeking the global expansion its plethora8 of rivals have not embarked9 upon.
Groupon, the two-year-old start-up that has met bankers about an initial public offering and which sources say rebuffed a $6 billion advance from Google Inc (GOOG.O) -- has seen phenomenal growth.
It has grown to about 50 million users from 3 million across 500 cities in 40 countries over the course of 2010.
But the competition is intensifying10, with the likes of LivingSocial expanding in the same space and a plethora of websites springing up globally that specialize in deals for niche11 markets.
Groupon recently completed a $950 million round of financing on its way to pondering an IPO, which sources have said would be one of the largest technology IPOs of 2011. [ID:nN10289323]
Its venture capital backers and late-stage investors12 include Andreessen Horowitz, Battery Ventures, Greylock Partners, Kleiner Perkins Caufield & Byers, Mail.ru Group, Maverick13 Capital, Silver Lake and Technology Crossover Ventures.(本文由在线英语听力室整理编辑)
1 retail | |
v./n.零售;adv.以零售价格 | |
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2 populous | |
adj.人口稠密的,人口众多的 | |
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3 registrations | |
n.登记( registration的名词复数 );登记项目;登记(或注册、挂号)人数;(管风琴)音栓配合(法) | |
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4 debut | |
n.首次演出,初次露面 | |
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5 analyst | |
n.分析家,化验员;心理分析学家 | |
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6 entrenched | |
adj.确立的,不容易改的(风俗习惯) | |
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7 scouting | |
守候活动,童子军的活动 | |
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8 plethora | |
n.过量,过剩 | |
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9 embarked | |
乘船( embark的过去式和过去分词 ); 装载; 从事 | |
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10 intensifying | |
v.(使)增强, (使)加剧( intensify的现在分词 );增辉 | |
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11 niche | |
n.壁龛;合适的职务(环境、位置等) | |
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12 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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13 maverick | |
adj.特立独行的;不遵守传统的;n.持异议者,自行其是者 | |
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