In mid-March, the "War of a Thousand Group Buys" was gradually coming to an end.
It had lasted for two years. Nearly 6,000 Group Buy websites had been whittled down by over 5,000, burning through 7 billion in venture capital funds in the process.
The leading companies began to dominate the market's direction. Small and medium-sized websites had been abandoned by investors. Unable to secure funding or attract users, they could only wait for their slow demise.
The founder of Didatuan, desperate for funding, had even offered a 20% stake for a 5 million investment—a bargain-basement price.
But investors weren't fools. In this industry, they were more likely to add flowers to a brocade than to offer charcoal in a snowstorm. They would rather pour money into Lashou, Meituan, Dianping, WoWo Group, and Nuomi Network than waste a single cent on Didatuan.
