IDG Capital Partners has invested in 18 Chinese e-commerce startups this year.
Margo Georgiadis takes over from Rob Solomon, who last month announced he was leaving.
Daily-deal provider Groupon says it has hired Margo Georgiadis as its chief operating officer. Georgiadis comes from Google Inc., where she had worked as vice president of global sales operations since 2009. She takes over from former chief operating officer Rob Solomon, who also holds the title of president and said last month he would leave the company.
At Groupon, Georgiadis will oversee global sales, marketing and operations. “Margo is a strong leader with a passion for helping small business owners and consumers,” says Andrew Mason, CEO of Chicago-based Groupon. “We’re thrilled to have her on our team.”
Based in Google’s Chicago office, Georgiadis was responsible for sales operations and strategies for the search engine’s ad products including AdWords and AdSense. Prior to Google, Georgiadis was executive vice president and chief marketing officer of card products at Discover Financial Services, a payment card network. She is a board member for The Jones Group, the apparel company that operates such e-retail sites as NineWest.com, EasySpirit.com and JonesNewYork.com. The Jones Group is No. 219 in Internet Retailer’s Top 500 Guide.
Groupon is rapidly expanding its international e-commerce operations. Groupon says it has 70 million subscribers in 45 countries. A little more than a year ago, Groupon was a U.S.-only operation.
Although never officially confirmed by either company, Groupon reportedly turned down Google’s $6 billion offer to buy the company last year. Recent reports indicate Groupon is considering going public later this year.