This is the fourth daily deals site in Asia Groupon has acquired in a span of two months. The terms of the deal were not disclosed.
Rob Solomon, president of Groupon said in a press release, “The acquisition of GroupsMore is further evidence of Groupon’s strong commitment to working with only the best collective buying sites throughout Asia and across the globe. We will continue to help shape the way local merchants market themselves in every corner of the world.”
Last month, Groupon announced acquisition of Beeconomic in Singapore, uBuyibuy in Hong Kong, and AtlastPost in Taiwan while a teaser website for Indonesia popped up several days later.
Do check out the e27 interview with the GroupsMore founder Joel Neoh and what he had to say about the group-buying trend in Malaysia.
Link to full article
No comments:
Post a Comment