Group buying

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DealsDirect scraps its unprofitable daily deal site DealMe

3:29AM | Tuesday, 12 March  The DealsDirect Group has shut down DealMe, the group's daily deal site which has been running since 2011.

Small group buying sites told to “hold on and sit tight”

9:43AM | Tuesday, 4 September  Small players in the Australian group buying market need to “hold on and sit tight”, an expert says, after a report revealed consumer spending has fallen for the third consecutive quarter.

Yahoo!7 to stop Spreets performance payments as group buying market dries up

4:00AM | Monday, 16 April  Yahoo!7 may be starting to encounter the downside of the group buying industry as a new report indicates the media giant is no longer expected to make any more performance-related payments to its subsidiary Spreets.

Three ways to get a slice of Australia’s $16 billion online retail market

3:32AM | Tuesday, 6 March  Start-ups can carve a slice of Australia’s $16 billion retail industry, a new report suggests, by focusing their efforts on online discounts and deals, mobile apps and group buying.

Long-term business partnerships with deal sites tipped to surge

3:36AM | Tuesday, 6 March  Australian franchise Jim’s Group has partnered with discount voucher site DiscountOn.com.au in order to spark sales, with an expert saying similar long-term partnerships are on the cards.

LivingSocial swoops for Aussie start-up Jump On It

3:43AM | Monday, 5 March  US group buying giant LivingSocial has acquired Australian start-up Jump On It, one year after taking a 31% stake in the company, in a deal believed to be worth around $40 million.

Dealised acquires Hong Kong group-buying network

12:45AM | Thursday, 15 December  Sydney-based group-buying firm Dealised has acquired Hong Kong-based company Localy Network Limited for an undisclosed sum, as Dealised seeks to drive its expansion across Asia.

Carosa puts Melbourne start-up on the Agenda

11:10AM | Monday, 21 November  Melbourne-based online start-up TheAgendaDaily.com says it will focus on expanding its CRM strategy after receiving funds from Domenic Carosa’s Future Capital Development Fund.

AdviDeals

11:29PM | Monday, 21 November  AdviDeals is a group-buying website offering advertising deals to businesses on a daily basis. Founding director Brenton Tickner talks about the pros and cons of working with media owners.

Group buying start-up Kid U Not acquires three rivals

11:17AM | Tuesday, 8 November  Niche group-buying site Kid U Not has acquired three of its competitors less than three months after launching, as the company seeks to ramp up its membership base of cost-conscious parents.
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