When Groupon officially steps into China, all the leading local group buying sites recently announced their marketing budge in 2011, which gave us some amazing figures: ~$200millions are planned to be burned for advertising by 5 leading group buying service in 2001.
- Groupon.cn said that in 2011 they will spend rmb 550millions (~$83.7millions) on the advertisement. (Who is its investor?)
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It’s said that Lashou‘s $50millions capital, most of them will be spent on the advertisement;
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Nuomi (RenRen’s company) said their budget is rmb 200millions (~$30.4millions);
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It’s rmb 130millions (~$19.8millions) for Meituan and Manzuo is rmb 100millions (~$15.2millions)
It sounds like a joke, but it seems a serious one, as you can actually see more and more advertisement about Group buying on TV, outdoor display, LED screen etc. Thanks to Group buying, 2011 must be a happy year for Chinese ads market.
Online group buying gained prominence in other Asian too during 2010. Websites have shown up in Taipei, Singapore, HongkongThailand , Malaysia and the Philippines. New sites likes Ensogo, Cashcashpinoy and Pinoy Vouchers are one of the most famous group buying sites in Asia.
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