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Enterprise · Open For Business · 23 May 2013 · 20 mins listen
In recent time, group buying websites have emerged as a major player in the online shopping business. According to Wikipedia, origins of group buying can be traced to China where team buying was executed to get discount prices from retailer when a large group of people were willing to buy the same item. China had over 1,215 group-buying sites at the end of August 2010 compared with only 100 in March of the same year. English-language group-buying platforms have also become popular gaining prominence in other parts of Asia in 2010 with new websites like Groupon, Everyday, Dealmates, MyDeal, MilkADeal, JackCow, StreetDeal and ILoveDiscounts. We spoke to Jerry Lim, the co-owner of WeBUY.com.my on how they plan to be different from this already overcrowded market.
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