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And he stressed the difficulty in scaling the business — one of the reasons why Groupon has grown from 37 employees in June 2009 to 9,625 as of June 30, 2011.

Angel Djambazov?is a GeekWire contributor. He is the?former editor-in-chief of ReveNews and?the owner of?Custom Tailored Marketing.

Analysts believe that the weaker-than-expected July data could prompt policymakers in Beijing to step up policy-easing measures and come up with more targeted monetary easing and possible acceleration of local government bond issuance to shore up growth in the second half of the year.

And the lower living costs have given rise to higher fertility rates in these regions. The upshot, according to Morgan Stanley's estimates, is that smaller cities could account for 76 percent of overall urban population growth by 2030. That spells huge spending power in the long run.

An online education program to inform Chinese youth of the country's achievements in recent years has just been launched to mark the 70th anniversary of founding of New China.