January 27th, 2011
02:46 PM GMT
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January 27th, 2011
02:46 PM GMT
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January 27th, 2011
02:45 PM GMT
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January 27th, 2011
02:44 PM GMT
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January 27th, 2011
06:27 AM GMT
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Beijing (CNN) - When it comes to labor rights, collective bargaining is forbidden in China. But if you're talking shopping, it's all the rage.

Group buying, or tuan gou in Chinese, is wildly popular across the country. Groupon of the U.S. isn't here yet but over a thousand local websites are. These sites offer similar services– hooking up China's 140 million online shoppers looking to buy the same thing and negotiate hefty discounts.

The Chinese have taken the concept and run with it. Sites like Lashou, Meituan, and Teambuy are selling everything from cars to home furnishings, to the homes themselves in bulk.

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