Gaopeng aka Groupon China continues to be in the news for all the wrong reasons. The group-buying site has just been caught with its pants down for selling fake Tissots and a class action suit is underway:
The official dealer of the Swiss watch brand in China said on Saturday it has reported the case to the police to safeguard its trademark and intellectual property and is willing to help Gaopeng’s customers with authentication at Tissot’s outlets.
Hundreds of customers spent 690 yuan (US$109) on a Tissot PRC200 watch in a group buying deal provided by Gaopeng. The watch usually goes for around 3,000 yuan on the retail market.
The affected customers have teamed up to seek legal action against the website and its supplier. Gaopeng, a joint venture established by Groupon and Tencent, at first denied the accusations by the customers, and insisted the watches are genuine.
Groupon apparently claims that the watches are real, but that their supplier faked the packaging and authenticity guarantees. More here.