Feeds

Group buying stalls in Asia

Deal sites storm the exit doors

Secure remote control for conventional and virtual desktops

The Asia Pacific group buying market is in consolidation mode due to intense competition, according to a new report from Daily Deal Media.

According to the new report 798 daily deal sites shut down globally in the second half of 2011.

In Asia the contraction was profound with 1,348 Asian daily deal sites swithcing to becoming deal breakers during the back end of 2011.

Daily Deal Media CEO Boyan Josic said that the high rate of mortality for the Asian group buyers was due to China. “It's simply due to the sheer numbers of startups which was also followed by a large percentage of them failing,” he told the Register.

He added that key factors to global consolidation include the increase in subscriber acquisition costs. With lots of deals sites covering the same ground, it's also hard for them to source quality deals, and investors are taking a "wait and see" approach, starving the sector of new capital.

Josic predicts that further consolidation will unfold this year, even more so than the carnage of the second half of 2011. “I also expect more startups to continue to innovate in the space, but the days of the Groupon clones that have no distinctive advantage may be coming to an end."

He added that a key trend will be the integration of daily deal sites with TV and radio editorial. ®

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.