Just an additional point, Groupon's China strategy is very ambitious. There are monopolies like Tencent, a company that is basically Zynga + Facebook + AIM/Skyp

Just an additional point, Groupon's China strategy is very ambitious. There are monopolies like Tencent, a company that is basically Zynga + Facebook + AIM/Skype + Blogosphere + Twitter, you name it , they have it. As matter of fact, Zynga got Farmville from Tencent. They're basically an internet monopoly in China with deep government connections. Every new idea that seems promising in the American market, they would take it and implement it. They got deep pockets. They recently introduced group buy as well. I'm quite certain Groupon is aware of this type of competition. If Google is even getting dominated in the Chinese market by Baidu and the government, I doubt Groupon is going to accomplish much success in China. It's too young and too ambitious, and I think throwing money into the Chinese market is like falling into an abyss. That's what I firmly believe because I know the Chinese market quite well. Prove me wrong Groupon =) (I actually really respect Andrew Mason as a CEO)