China’s Top 20 Daily Deals Sites – and Who Has the Hottest Deals?
In updated stats from group buy deal aggregator DaTaoTuan which go right up to the end of August, we get a new snapshot of China’s frantic and fragmented daily deals segment. Last time we checked,...
View ArticleChinese Group Buy Scam: 24quan Closing Offices, Withholding Wages, Ignoring...
Last month at Techcrunch Disrupt, Du Yinan of the group buy site 24quan surprised us all by saying that even in the midst of a market so harsh it has seen massive layoffs at a bunch of Chinese group...
View Article24quan in Trouble? CEO Du Yinan Responds
Last week we wrote about some of the concerning reports circulating on the net about group buy site 24quan’s, ahem, “restructuring.” Amidst the sort of things we’ve come to expect from group buy sites...
View ArticleChina’s Daily Deals Market Sees Three Local Winners Emerge
Updated stats for China’s fierce group-buy market seem to suggest that we can now crown a triumvirate of winners – Lashou, Meituan, and 55Tuan. That’s because the trio has finally nailed the holy grail...
View ArticleExecutives Leaving China’s Group Buy Industry
It’s no secret that group buy is more or less in shambles in China for everyone but a few of the top players. But it seems even some of those top players aren’t immune to the industry’s problems, as...
View Article24Quan, Once China’s 5th-Biggest Daily Deals Site, Suspends Operations
The troubled Chinese daily deals site 24Quan.com has announced that it is suspending its business for a few weeks – and that it “hopes to resume” in a few weeks’ time. We’ve reported on turmoil at the...
View ArticleGroupon China’s New Owner Nets $40 Million in Funding for Daily Deals Expansion
You might recall that in June of this year, Groupon China was merged with larger daily deals rival FTuan into a company called GroupNet. And now GroupNet’s CEO, Lin Ning, has revealed that it has...
View ArticleHuge Consolidation of Market Share in China’s Daily Deals Sector [CHARTS]
We’ve been seeing China’s hotly-contested daily deals industry settle down a bit in the past year – and now new data for 2012 Q3 shows huge consolidation of power (ie: market share) in the whole...
View Article24Quan Closes For Good
Chinese group buying site 24Quan, once in the country’s top five deals sites, has been in the rough for some time now, and it suspended operations back in October. So the following shouldn’t come as a...
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