China group buying industry as a whole is still in the "slimming" stage

Yesterday, according to the domestic independent group buying navigation website Group 800 released the latest data show that the Chinese group buying industry as a whole is still in the "slimming" stage, February Group purchase site number than January net reduction of 164, currently there are 3,626, compared to the peak of five thousand or six thousand now already dead and wounded half.

The report showed that in February the number of purchases fell by 5% compared with January, but the volume of domestic group purchase in February was about 1.46 billion yuan, up 8.1% from last month, the turnover was second only to 1.58 billion yuan in December last year, and 225% in February 2011, which became the second highest monthly result in group buying sales. However, nearly 200 group buying sites have abandoned the local service class to complete the transition to physical group deals. It is expected that in the next quarter, nearly thousands of group buying sites will face the test of closure or transformation. (Reporter Li Bin)