From our lecture today we learned a lot about online retailing. A new type of buying online in China is using the Chicago based Groupon business model. For instance, if 200 people all agree to buy the same TV, each member of the group would get a discount on the TV whereas if you bought it by yourself you wouldn't get the discount. The problem is that the regulation in China isn't that great so some of these companies are creating deals that do not really exist. For example, a cinema ticket was sold to a lot of people on a groupon type website in China only to find that it wasn't real.
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