https://www.scmp.com/rss/282873/feed Groupon is a gift-certificate website launched in late 2008 in Chicago, but quickly expanded. It was the brainchild of Andrew Mason, Groupon’s current chief executive. However, Mason was fired in February 2013 after the company's core business was undermined by tough competition and its share price crumbled. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Alibaba Group Holding will merge its food delivery units and raise funds for the combined group, as it looks to ramp up its fight against rival Meituan-Dianping for the lion’s share of China's multibillion-dollar on-demand services industry, according to a report by Reuters.  Alibaba's food delivery platform Ele.me, which it acquired for US$9.5 billion in April, will merge with its food and lifestyle services arm Koubei, Reuters reported on Tuesday, citing anonymous sources. Hangzhou-based... https://www.scmp.com/tech/article/2158618/alibaba-set-merge-food-delivery-units-it-looks-ramp-china-competition-meituan?utm_source=rss_feed https://www.scmp.com/tech/article/2158618/alibaba-set-merge-food-delivery-units-it-looks-ramp-china-competition-meituan?utm_source=rss_feed Tue, 07 Aug 2018 07:30:00 +0000 The talent wars are alive and well in the tech industry, according to salary research site Paysa. And there’s one company willing to go to the nines to win them: Netflix. Paysa recently looked at hiring, staying, and poaching trends for a number of top tech companies and discovered that Netflix spent more than 10 times than the others to acquire new talent from places like LinkedIn, Facebook, and PayPal. The research firm came up with these stats as part of a bigger project that analysed salary... https://www.scmp.com/tech/leaders-founders/article/2084332/top-10-tech-companies-us-pay-most-when-poaching-employees?utm_source=rss_feed https://www.scmp.com/tech/leaders-founders/article/2084332/top-10-tech-companies-us-pay-most-when-poaching-employees?utm_source=rss_feed Mon, 03 Apr 2017 05:30:15 +0000 Groupon named co-founder Eric Lefkofsky its chief executive and reported a record quarter for its North American business, signalling growing momentum in its comeback effort that saw its shares jump almost 20 per cent. The company, which also announced a US$300 million share repurchase programme, reported a better than expected 7 per cent jump in second-quarter revenue to US$608.7 million, as sales in the United States and Canada climbed 45 per cent. Lefkofsky, who was named interim chief in... https://www.scmp.com/business/companies/article/1295232/groupon-names-lefkofsky-top-job-revenue-exceeds-estimates?utm_source=rss_feed https://www.scmp.com/business/companies/article/1295232/groupon-names-lefkofsky-top-job-revenue-exceeds-estimates?utm_source=rss_feed Thu, 08 Aug 2013 04:39:06 +0000 Groupon’s quirky former boss, Andrew Mason, has been working hard on a new album, Hardly Workin,” since he was ousted from the online deals company in February. The seven-song album released this week drops business knowledge on listeners with tracks such as The Way to Work, My Door is Always Open and the hip-hop influenced Stretch. The latter begins “we all know that you gotta have goals every quarter.” Groupon’s failure to meet such goals was part of the reason Mason was fired. His ouster had... https://www.scmp.com/business/companies/article/1274506/hardly-workin-new-album-out-ex-groupon-boss?utm_source=rss_feed https://www.scmp.com/business/companies/article/1274506/hardly-workin-new-album-out-ex-groupon-boss?utm_source=rss_feed Wed, 03 Jul 2013 03:46:59 +0000