iResearch has published their July monthly research results for group buy sites in China, including rankings of top 10 sites in 3 main categories: 1) average daily uniques, 2) monthly visits, and 3) conversion rates. Overall, the number of group-buying users grew to 27 million users, a 1.4% increase from the previous month.
Taobao Ju is #1 in terms of daily uniques and monthly visits, further proof of Taobao’s pole position in e-commerce.
For all the lip-service paid to “open”, many Chinese sites are still more like walled gardens.
Renren blocks its users from sharing links to certain competitors in social and group-buying. When a user attempts to share a post on the lite-blog DianDian it returns the error message: “Posting failed, this news contains unsuitable content, please review it” (see screenshot). The same goes for a link to a deal on the group-buying site Meituan. Or a link to the mobile group-messaging service Mi Liao by Xiaomi.
On April 15, 2011 Renren Inc. filed its F-1 for IPO on the NYSE under the ticker RENN. Beijing-based Renren Inc. includes the real-name social network Renren, the games producer Renren Games, and the group-buying site Nuomi.
The initial offering aims to raise $508 to $580 million and values the company at approximately $4.3 billion. Here’s what you need to know about Renren Inc. in 25 slides!
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