LBS + group buying: Loopt allows users to buy groups spontaneously

What is the combination of LBS elastic social networking and group buying? The elastic social networking application Loopt now allows users to initiate group purchases!

So far, group buying is initiated by sellers. what changes will group buying based on user needs bring to the Group Buying industry? Loopt not only allows you to make friends with strangers nearby, but also cooperates with Groupon to launch a function that can push group purchases nearby.

The user's spontaneous group buying function called u-Deals is as follows:

On the Loopt page, users can "request group purchases" and then see nearby merchants. You can select a seller and then Loopt will propose a preferential option. When the number of users who make a group purchase request reaches a certain level, Loopt will call the merchant to notify the merchant of the group purchase request, and publicize to the merchant that this operation can win more customers. If the seller agrees to the preferential group purchase plan proposed by the user, Loopt will automatically use the credit card information submitted by the user to order. This type of user-initiated group purchases can also be made available to the public.

Loopt will share revenue equally with sellers, which is similar to the Commission Ratio of Groupon and LivingSocial. Loopt believes that this spontaneous group buying model is much better than traditional group buying. It starts from users' needs and enables sellers to give back to loyal customers.

The spontaneous group buying feature is planned to be released on Wednesday. Android and iPhone Loopt users must update the feature to see it.