Come one.Come All. Lets Shop!

Filed under: teambuy,,shopping 2.0,
Talk of volume discounts? Well, Chinese consumers are talking about Discount Volumes.

Chinese sites like 51tuangou.com / teambuy.com.cn, enable consumers to discuss their shopping list online, decide on the shopping location/stores/time.
And then these consumers enter the store in huge numbers (100+), and ask for a huge insane discount% (which ranges from 10-30%!).

While most of the stores are happy and welcome these mobs, few express concerns and have at times closed its doors to these frenzy mob.

This is definitely a new form of social networking (Shopping 2.0?), and am sure this business model will see more replicas across the globe..

Add comment

NextBigWhat brings you curated insights and wisdom on product and growth from the wild web.

Over 2 million people receive our weekly curated insights.

Newsletter

Newsletter