4040100. Tuangou. Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase. Origins of group buying can be traced to China where 團購 (tuángòu) or team buying was executed to get discount prices from retailer when a large group of people were willing to buy the same item. In recent time, group buying websites have emerged as a major player in online shopping business.
Typically, these websites feature a "deal of the day", with the deal kicking in once a set number of people agree to buy the product or service. Buyers then print off a voucher to claim their discount at the retailer. Many of the group-buying sites work by negotiating deals with local merchants and promising to deliver crowds in exchange for discounts. History[edit] Business model[edit] If subscribers to a discount website are tempted by a discount offer, they enter their payment details online and wait.
Asia[edit]
Amazon.co. eBay - The UK's Online Marketplace. Buy Swedish Snus & Snuff Online. The Healthy Smokeless Tobacco A. Electrical goods. Boys stuff. Clothing. Wanted items. Shopping. The Freecycle Network. On-line Shopping. United Kingdom jobs, cars, property, free classifieds and more - Craigslists. Boys Toys - Big Boys Toys & Unusual Gifts for Men.