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LivingSocial is Groupon’s main competitor, and they serve in 26 cities across the U.S. and have received about $44M in funding. LivingSocial’s model is somewhat different from Groupon’s, as ...
Deal-of-the-day. Deal-of-the-day (also called daily deal or flash sales or one deal a day) is an ecommerce business model in which a website offers a single product for sale for a period of 24 to 36 hours. Potential customers register as members of the deal-a-day websites and receive online offers and invitations by email or social networks .
Group buying sites such as Groupon have proven to be a lucrative model for social e-commerce. Today, ChompOn is launching at TechCrunch Disrupt to bring a white-label group buying service to the ...
Group buying. Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase. Origins of group buying can be traced to China, where it is known as Tuán Gòu ( Chinese: 团购 ), or team buying. [1]
About Groupon. Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see and buy in 48 countries around the world.
The offering is only available in Chicago right now, but there are over 500 included restaurants ranging from big chains like Subway to local eateries like Al's Beef and Ditka's Restaurant.
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