Li Fen. Liba.com (liba.com), formerly known as 5 1 Groupon.com, was established in 2003, focusing on the life consumption guidance and trading services of young families. At present, the fence net has successfully provided decoration, wedding, car use and other services for more than 80 thousand young families; Fence Community has become the most influential family life consumption exchange community in China, with more than 1.4 million registered users and more than1.0 million daily views, covering decoration, wedding, parenting, automobiles, food, tourism, real estate, financial management and other 1.04 life consumption industries.