Many Chinese consumers have the impression that most users of Pinduoduo are housewives, middle-aged, or elderly people who live in third-tier or fourth-tier cities. They are highly consistent with users of Kuaishou and have extraordinary sensitivity to low price. They are more willing to ask people for help bargaining in WeChat group in order to […]
Founded in 2018, Shihuituan is a gourmet community e-commerce service platform. It focuses on fruits and vegetables as well as household items targeting the community as the entry point.
Ex-Googler and founder of Pinduoduo China’s social e-commerce player Pinduoduo updated its IPO prospectus previously filed with US Securities and Exchange Commission (SEC) on July 17, 2018. It plans to raise at best US$1.87 billion by offering 85.6 million American depositary shares (ADS). The price range is from US$16 to US$19 each. The founder, ex-Googler, […]
In Q3 2014, total transaction value of China group buying market was RMB22.96 billion (US$3.74 billion) with an increase of 43.6% quarter on quarter.
Since first half of 2013, China popular group buying websites like Nuomi.com, Meituan.com and 55tuan.com all expanded business in lower tier cities in China. Their market share now shows an increasing gap from other group buying websites who are still making efforts in tier-1 and tier-2 cities.
In 2013, total transaction value of China online food ordering market exceeded RMB50.26 billion ($8.18 billion) and it is estimated to reach RMB85.04 billion ($13.85 billion) in 2014 according to data from iiMedia Research.
Google China launched a daily deal aggregation website in beta named “Shihui” which means economical and practical in Chinese. Users can browse or search daily deals in a specific city by site, product category, price and discount on Google Shihui.
Groupon has finally launched their deal in China on Gaopeng.com, in collaboration with Tencent. One powerful feature of the website is that users can login with their qq account and accumulate rebate points (what Tencent call “Caibei” points). Considering there are over 600 million active users on QQ platform, this is no doubt a powerful integration. […]
Groupon China’s website “GaoPeng.com”, a joint venture with Tencent, has officially launched today. Group buying deal is not available yet until March 2011. Users can sign up in one of eleven cities in China: Beijing Shanghai Guangzhou Shenzhen Chengdu Hangzhou Wuhan Chongqing Tianjin Nanjing Suzhou According to Sohu IT News, deals will be available in […]
Groupon China’s joint venture with Tencent will launch their website “Gaopeng.com” next week. A reporter at Jinghua newspaper managed to open gaopeng.com though there is no products available yet. After he registered his email, he received a note saying that “This website will be officially launched next week” signed by “Team Gaopeng”.