China daily deals market grows

The popularity of daily deals among Chinese online shoppers is growing, with revenues reaching a new high in the first quarter.

China’s daily deal sites industry has achieved a revenue worth 10.3 billion yuan (nearly US$1.7 billion), statistics from Dataotuan revealed.

Big winners in the industry include Meituan, whose market share climbed from 13.1 per cent to 17.8 per cent. Another climber in the market is Gaopeng, Groupon’s site in China, finally gaining traction after some years of struggling. It currently holds 2.7 per cent market share.

With 33.6 per cent, Juhuasuan of Alibaba remained the largest of the deal sites.

Dining was still the most popular category in daily deal sites, followed by shopping and leisure.

The first quarter has also seen more consolidation in the sector. Gaopeng, Ftuan and QQtuan merged together and relaunched New Gaopeng; Renren announced that they will invest more in Nuomi.

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