Comment on Meituan: Standing out of the Huge Crowd of Chinese Group-buy Sites by Group-buy Service Meituan Saw 90% of GMV from Mobile in 2014 - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-10-20 00:00:00

Not only does it have the largest market share, Meituan is also the only independent group-buy service in today’s top players. Standing out in a huge crowdThousands of group-buying sites emerged in China not long after Groupon got traction in the U.S. Meituan was among the earliest, launching in March 2010. The majority of Chinese group-buy sites burned out while Meituan kept on going. Back in 2010 and 2011 group-buying sites seemed one of the very few gold mines to tech investors in China. Wang thinks group-buy is a new online marketing channel that benefits businesses even more than search engines like Google.