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American owned group-buying sites, Groupon and Living Social have emerged as the Australian market leaders according to a new report from market researchers, Telsyte. Telsyte said earlier this week that the Australian group buying market had total sales worth $498 million in 2011. It said that, since it began in 2010, group buying in Australia
Click on the title to read more US group buying sites, Groupon, Living Social are Australian market-leaders
A happy crew celebrate the Groupon float
US eCommerce business phenomenon – Groupon has been successfully floated on the NASDAQ exchange at $US20 per share, giving the company a market capitalization of at least $US13billion. The IPO is the largest from a U.S. Internet company since Google raised $1.7 billion in 2004.
Click on the title to read more Groupon IPO values company at $US13billion.
Living Social (Australia) CEO, Colin Fabig
A new research report has estimated the Australian daily deals/group-buying/coupon sites market to have grown 28% in the last three months with deals sold worth more than $158million. Sydney based market researchers, Telsyte, found that the top 8 sites – (LivingSocial, Scoopon, Groupon, Spreets, Cudo, Deals.com.au, OurDeal, and Ouffer)
Click on the title to read more Group buying, daily deals market hits $AUD158million in September quarter
Randall Deer, MD Rewards Corp
Australian group-buying websites have sold more than 300,000 room nights since March 2011, according to Randall Deer, managing director of the company behind Groupbuyingescapes.com. But travel businesses looking to take advantage of the popularity of the group-buying craze should also be aware that mismanaged offers could seriously damage their
Click on the title to read more Mismanaged offers at group buying sites could seriously damage your business.
Four Groupon rivals and competitors have partnered with eBay Australia in yesterday’s launch of a daily deals service at http://groupdeals.ebay.com.au They are LivingSocial Australia, Spreets, Jumponit and OurDeal. Visitors to the home page of www.ebay.com.au are presented with a daily deals offer from each of the four, smack bang in the centre of the page.
Click on the title to read more eBay Australia partners with Groupon rivals, Living Social, Spreets
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