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. ®

Internet Security Threat Report 2014

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
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
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.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.