The turnover of China’s group-buying industry amounted to 14.13 billion yuan ($2.29 billion) in the first half of this year, the best half-year performance in terms of turnover amount and industry tendency, according to research report released by group-purchasing navigation website Tuan800.com.

The H1 turnover amount exceeded the annual turnover of 2011 and equaled to 66 percent of the annual turnover 2012. In addition, H1 reversed the sluggish development trend in previous period. But the number of purchasing customers still lingers at around 45 million.

Turnover of Group-buying Industry

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.