Chinese Internet Group Buying Hits New High As Older Websites Die

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China's Internet group buying trading volume reached a new peak of CNY5.93 billion in June, representing a year-on-year increase of 127%.

Chinese independent group buying navigation website recently published its Chinese group buying market statistics report for June 2014, which stated that 95.229 million people participated in group buying during the month, a year-on-year increase of 110%; and the number of group buying options available in the month reached 1.18 million, a year-on-year increase of 196%.

In addition, the report revealed that during the first half of 2014, China's group buying trading volume reached CNY29.43 billion. Though it set the record of best semi-annual performance again, the result did not meet expectations, which was CNY31.51 billion for the first half of 2014.

Among various group buying products,...

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