{"id":15036,"date":"2013-02-28T03:02:32","date_gmt":"2013-02-28T03:02:32","guid":{"rendered":""},"modified":"2013-02-28T03:02:32","modified_gmt":"2013-02-28T03:02:32","slug":"Baidu-Launches-a-Daily-Deals-Site","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=15036","title":{"rendered":"Baidu Launches a Daily Deals Site"},"content":{"rendered":"

This week\u2019s quiet launch of a new deals portal run by Baidu, China\u2019s top search engine, is a bit of a novelty.<\/strong> The new \u2018Baidu Group Buy\u2018 site<\/strong>, to translate its name very literally, currently only serves up deals in Beijing and seems to be a beta release. We reached out to Baidu HQ in Beijing, but a representative couldn\u2019t comment on this new roll-out.<\/p>\n

It\u2019s not Baidu\u2019s first venture into Groupon territory.<\/strong> The search company already has a deals aggregator site (using the same brand name, which is confusing), and previously ran the You\u2019a Tuangou site before that got spun off and left to You\u2019a to run. And so the new Baidu Group Buy is the company\u2019s main challenge to a wealth of local rivals for food, fashion, and leisure deals.<\/p>\n

As we observed recently, a deals site in China now needs in excess of $300 million in revenue per month in order to be considered a top player. Alibaba\u2019s Juhuasuan dominates the sector with 47.8 percent market share, with Meituan second (13.1 percent), and Dianping third (8.6 percent). Groupon\u2019s China site, Gaopeng languishes in ninth place in this most recent market share data.<\/p>\n

via www.techinasia.com<\/em>
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

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