TeamBuy

  • Chinese mob shopping sites score big discounts

    The Economist ran a funny story last week on “team buying” web sites in China. The sites, 51tuangou.com and teambuy.com.cn were highlighted, co-ordinate large numbers of consumers interested in buying the same products. People agree on a place and time to meet, then enter the store in crowds of up to 500 people at once. The crowds tell the store owners that they all want to buy, say a… Read More