While the global flash deals market wobbles, Asia reveals a different side

The flash deals market is under pressure – share price of market leader Groupon dropped by 70% compared to the value at the time of its IPO.

Meanwhile,  second largest group deals portal LivingSocial’s valuation has dropped from $4.5 billion to $1.5 billion.

But while all these developments are happening at a global scale, there are some positive signs that all is not lost in the Asian flash deals sector.

Deal.com.sg, one of the largest daily deal sites in Singapore, has announced its second physical collection point at High Street Center in downtown Singapore. The first was opened at King George’s Avenue.

Physical collection points were pioneered, of course, by Groupon in June 2012, also in Singapore.

Meanwhile, Deal.com.sg also acquired an online food delivery service portal Room Service Deliveries in October 2012.

To add spice to the deals sector in Asia, China’s biggest search engine Baidu is venturing into flash deals business. The new deals site serves deals in Beijing, albeit with limited categories at launch.

Some deal companies are slowly changing their business model, too. Bolstering its “Dealivery” Room Service Deliveries acquisition, Deal.com.sg is now planning to be the biggest food delivery service in Southeast Asia.

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 Published In:  http://www.tnooz.com                                                                        By: Karthick Prabu


About hospitalitytechnology

Technology is making greater and greater inroads into our lives. Right from when we wake up in the morning to when we head to sleep – we cannot imagine a life without the gadgets and gizmos that make life easy and interesting. When we travel and stay in hotels, our expectations are no different. We expect all the technological amenities we easily access at home if not more. The hospitality industry in increasingly accessing technology to wow guests, optimize their use of manpower, control hotel functions in an integrated manner and on the whole reduce costs while increasing efficiency. This blog is meant to track these technological changes happening in the hospitality sector. The growing move towards sophisticated hotel ERP, the growing use of cloud computing, the rapidly changing customer facing devices – smart phones and iPads, the increasing security concerns and more. Expect to find interesting articles, whitepapers, thoughts, and observations. Feel free to comment and even mail us content that you don’t mind posted here. Happy reading!
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