Last year was a tumultuous year for the group buying industry. But as suspected, closure, downsizing and consolidation has cleaned up the market and now the top ten sites are solidifying their positions. Daily deal aggregator and researcher, Dataotuan.com has release their latest 2012, Q1 Report to give some insight into what has been happening.

The Chinese Daily Deal Market in 2012 Q1

In Q1 2012, the total revenue of the daily deal market is around a whopping 4.5 billion RMB.  But ferocious competition and those who lack the stamina to keep fighting has resulted in the top 10 sites accounting for 78.6% market share.

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Jason Lim

Jason is an Australian born Chinese living in Beijing, specializing in entrepreneurship, start-ups and the investment eco-system in China, especially in the tech and social area.