Groupon Poised to Strike Partnership With China's Tencent, in Key Global Expansion Move

Groupon is in talks with Chinese Internet giant Tencent to form a partnership to accelerate its effort in the critical Asian arena, said several sources with knowledge of the situation.

Terms of the deal are unclear, but sources said that it is likely to involve some sort of co-branded joint venture effort between the two--a key strategic move for Groupon, given the hard-to-penetrate-if-you're-not-Chinese Chinese market.

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