Amazon announced in December 18th to close its own online group buying service

[Abstract] about 4 to 5 years ago, consumers are also very popular online shopping service. At that time, the United States has dozens of online group buying site. However, over time, many consumers and businesses are no longer interested in such services.

 

Tencent science and technology news October 31st, according to foreign reports, after the introduction of online group buying service for more than four years, Amazon announced on Friday that it will officially close the service on December 18th.

Amazon in more than four years before the launch of the group buying service Local, when Groupon launched the concept of group buying service is in full swing. But the online group purchase service has become the chrysanthemums after the Double Ninth Festival. Since its inception in 2008, as the largest U.S. buy site, the cost of Groupon has been high, and now weak growth. Bloomberg compiled data show that from 2010 to 2014, Groupon revenue grew 927%, respectively, 415%, 10% and 24%. As of June 30, 2015, Groupon revenue grew by 11.8%. Between 2009 and 2013, Groupon lost a total of $820 million. The company has withdrawn from Greece and Turkey, the future will gradually withdraw from Morocco, Panama, Philippines and other markets in China and Taiwan. Groupon announced last month that it plans to lay off about 1100 people before September 2016, accounting for about 10% of the total number of employees, and plans to restructure international operations.

Amazon on Friday in the official website, said the company will be closed in December 18th to buy local services Local service. Technology website GeekWire reported the news earlier this week.

about 4 to 5 years ago, consumers are also very popular online shopping service. At that time, the United States has dozens of online group buying site. However, over time, many consumers and businesses are no longer interested in such services. Amazon spokesman said in a statement, we learned a lot of lessons from the online group buying service. In the future, we will apply our knowledge to the new business."

to remove their own group buying services, Amazon also on the United States to buy the second largest site LivingSocial inject more than $200 million in funding. This year, the company had sought the listing of the company, recently announced layoffs 20%, and the same as Groupon to buy the daily business to the general online shopping services transformation. Amazon currently holds approximately 30% of LivingSocial shares. LivingSocial market valuation was more than $1 billion. But by the end of 2014, the company’s valuation has dropped to $242 million.

Amazon shares on Friday fell 0.65 U.S. dollars in the Nasdaq stock market trading, down $0.10%, to close at $625.90. >