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Group Purchase industry has come up with the frozen period

by lemontang on Dec 16, 2011

After Groupon has set the group purchase mode, a large number of domestic imitators emerged, and group purchase has once been a red-hot industry. Recently, however, negative press coverage these websites: the lashou net IPO twists and turns, 24 vouchers, Wo Wo, Peng Gao were traced to have released a large number of layoffs, and a number of local sites have been withdrawn. The latest survey data also showed that in October, the whole transaction of domestic group purchase industry amounted to 1.683 billion Yuan, with a decrease of 11.4% compared with that in last month, and this was also the first negative growth. People can not help wondering whether the group purchase industry can sustain or not.
Leaders in this industry are suffering heavy losses. Recently, several leading group purchase sites published their earnings data, and according to the data, they have been operating at a loss. On November 11, Renren net issued its third-quarter earnings, and as its packaged...Read More >>



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