Alibaba Group Launches Daily Deals Site Juhuasuan Overseas In Hong Kong & Taiwan
Alibaba Group announced that it has launched Juhuasuan Overseas, a combination of C2C retail platform Taobao Marketplace and group shopping site Juhuasuan, in Hong Kong and Taiwan. Juhuasuan Overseas will offer merchandise and services from selected Taobao sellers in the same daily deals format as the original Juhuasuan, which is accessible only to customers in mainland China because cross-border shipping is not supported.
Originally launched under Taobao Marketplace in March 2010, Juhuasuan was spun-off as an independent subsidiary of Alibaba Group in October 2011. Though it faced competition from other Chinese group-buying Web sites like Lashou, 55tuan, and Meituan, Juhuasuan has grown in part by partnering with local service providers throughout the country. That tactic has helped Juhuasuan grow into China’s top group-buying site, with 34 percent market share according to research group Dataotuan, double the share held by its next largest competitor, Meituan.