Groupon

Retail Asia06/09/2018

China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($7.64-$9.17) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to $55 billion, four people with direct knowledge of the matter said. Meituan, already one of China’s most valuable internet […]

Retail Asia30/11/2016

Ever-shrinking deal site Groupon has exited another market – this time selling its Malaysia business to KFit Group. KFit, in which Groupon is an investor, had already acquired the Groupon Indonesia business. “With our Indonesian business achieving nearly double growth since our acquisition, we are confident that the same growth principles will bring an exciting […]

Retail Asia05/10/2016

Vietnam and Indonesia are tipped to become the largest Southeast Asian eCommerce markets within the next five years. Stunning growth in both markets is predicted in a report by global research company Frost & Sullivan which expects the broader region’s eCommerce market to double within five years. By 2020, the total revenue from B2C eCommerce […]

Retail Asia10/06/2016

Malaysian health and fitness company KFit Holdings is about to enter the Indonesian market after signing a deal to acquire eCommerce company Groupon Indonesia. For an undisclosed amount, the acquisition will see KFit enter Indonesia with Groupon as a wholly owned subsidiary. The transaction is expected to be completed in the third quarter of this […]

Retail Asia08/06/2016

Groupon Indonesia will become a wholly-owned subsidiary of KFit and Groupon Inc will be a strategic shareholder of KFit. The terms of the deal have not been disclosed. A report in the Chicago Tribune said Groupon announced the sale on Monday, the latest step in its ongoing shedding of international markets. Chicago-based Groupon, which operates […]

Retail Asia21/05/2016

Jeff Bezos has no interest in bringing Amazon to the 51 million people in South Korea, and Bon Kim is the reason for that. Kim is the CEO of Coupang, the fastest growing e-commerce site of all time in South Korea. The startup, founded in 2010, grossed nearly $300 million in 2014 and is expected to […]

Retail Asia14/03/2016

The largest South Korean retailers, faced with cut-throat competition in the rapidly saturating domestic market, are turning their attention to overseas markets in conjunction with small and mid-sized businesses to secure a new growth driver. The country’s three major retail conglomerates – Shinsegae Group, Lotte Group and CJ Group – are targeting to sell more […]

Retail Asia16/11/2015

Groupon – which has exited three Asian markets this year – continues to struggle globally with ts flawed discounting model. Operating on wafer thin margins in the first place, the company has taken a severe hit from currency exchange fluctuations in the third quarter. Globally, gross billings grew by six per cent when the exchange […]

Retail Asia29/04/2015

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Private equity investors Anchor Equity Partners and KKR are to take a controlling stake in South Korean mobile eCommerce company Ticket Monster from Groupon. Anchor and KKR, in conjunction with Ticket Monster Korea management, will inject new capital into the company to help fund its future growth opportunities. Anchor and KKR will hold equal stakes […]

Retail Asia16/04/2015

Groupon could divest four businesses in the next two years, netting as much as USD730 million, to raise cash as it expands into an e-commerce marketplace, according to Gene Munster, an analyst at Piper Jaffray Cos. Groupon has a market value of about USD5 billion, though it should be closer to USD6 billion because those […]

Tag: Groupon

Meituan Dianping to set Hong Kong IPO valuation at up to $55 billion

Groupon Malaysia sold to local startup

Vietnam, Indonesia to lead Southeast Asian eCommerce

KFit Holdings moves into Indonesia with Groupon

Malaysia’s KFit buys Groupon Indonesia

A $5 Billion South Korean Startup Is Beating Amazon At Its Own Game

South Korean retailers eye overseas push

Groupon woes continue

US PE cos take control of Ticket Monster Korea

Groupon market value seen as high as USD6b with divestments