Report: Dianping Replaces Lashou as The Third Group Buying Service in April

Chinese group buying services Meituan, 55Tuan and DianpingTuan ranked in top three by transactions in April, according to a report released by Tuan800, a Chinese group buying market researcher.

Meituan is the only player who generated a sales of RMB 303.61 million, topped the chart while 55Tuan and DianpingTuan grabbed in 264.73 million and 216.16 million respectively, came in second and third. It’s worth to note that, DianpingTuan’s momentum growth help it replacing Lashou as the third. Lashou now falls to the fourth spot with a sales of RMB 194.07 million.

Geographically, Beijing, Shanghai and Guangzhou are still the hottest place for daily deals.

The report also finds that in April there’re 3052 group buying service in the market, they concertedly pulled in a transaction of RMB 1.69 billion, declined 2.4% quarter-over-quarter.

In April the sector has undergone a series of consolidation, for example, FTuan’s merge with Gaopeng, 55Tuan taking over GanjiTuan’s operation and so on. As investors remain skeptical over the market and survivors keeps struggling, we could expect more similar consolidation in the following months.

See full report (in Chinese) here.