The Chicago-based Internet coupon company Groupon is in a tough market in China, which it entered in March. The country's web coupon market is saturated with such ventures. Nonetheless, the company is
hoping for a foothold in a country where more and more consumers are going online to buy merchandise and services. E-commerce in China grew 100% last year to $70 billion and is likely to grow 60% to
70% this year. The biggest e-commerce site in China is Taobao, but daily deal sites are new there, constituting only $300 million last year.
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