FunShare
Encyclopedia
FunShare.com is a brand new eCommerce company focusing on group guying (or 團購 - tuangou
in Chinese ) and started/HQ in Hong Kong.
, Amazon.com
, etc. Group Buying was also one of the formats tried, but mostly implemented in form of building a platform and allowing users to facilitate the group buying activities on their own. Although that strategy was not successful, the concept of group buying lives on, mostly via forums or discussion boards. And with an internet population of 4.7M in Hong Kong, and hugh growth rate in rest of Asia and China, many believe that eCommerce, especially group buying, is again something consumers will like.
by 2 founders. Group buying or tuan gou is now gaining popularity in the US, Europe, and beginning to spread over to China and Asia. FunShare.com is the first company in Hong Kong to implement the new group buying concept with a website, and combining with social media channels such as Facebook
. According to the company, it focuses on bringing fun and exciting thing to do, to see, to play, to eat in Hong Kong to its members.
The company was launched in June and have featured merchants such as Sweet Secrets, UA Cinema Group, Hair Culture, Francesca Chocolates, and other SPA & beauty services. The UA Cinema promotion has broken all Hong Kong eCommerce record by selling 4000 movie tickets online in just a day. The Company has also started a new trend with charity work, helping charity organisations such as Hong Kong Po Leung Kuk
保良局 sell charity concert tickets based on this collective group buying model.
More group buying sites are following the lead and launching in Hong Kong.
Tuangou
Tuángòu , which loosely translates as team buying or group buying , is a recently developed shopping strategy originating in the People's Republic of China...
in Chinese ) and started/HQ in Hong Kong.
Overview of Group Buying
Hong Kong, just like the US, went through a bubble burst in the internet space back in 2000. eCommerce was a big concept then and many companies tried to implement in Hong Kong, copying US companies such as eBayEBay
eBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...
, Amazon.com
Amazon.com
Amazon.com, Inc. is a multinational electronic commerce company headquartered in Seattle, Washington, United States. It is the world's largest online retailer. Amazon has separate websites for the following countries: United States, Canada, United Kingdom, Germany, France, Italy, Spain, Japan, and...
, etc. Group Buying was also one of the formats tried, but mostly implemented in form of building a platform and allowing users to facilitate the group buying activities on their own. Although that strategy was not successful, the concept of group buying lives on, mostly via forums or discussion boards. And with an internet population of 4.7M in Hong Kong, and hugh growth rate in rest of Asia and China, many believe that eCommerce, especially group buying, is again something consumers will like.
Overview of FunShare
FunShare.com, a wholly owned subsidiary of LujoLujo Asia Limited, was established in 2010 in Hong KongHong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
by 2 founders. Group buying or tuan gou is now gaining popularity in the US, Europe, and beginning to spread over to China and Asia. FunShare.com is the first company in Hong Kong to implement the new group buying concept with a website, and combining with social media channels such as Facebook
Facebook
Facebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook, Inc. , Facebook has more than 800 million active users. Users must register before using the site, after which they may create a personal profile, add other users as...
. According to the company, it focuses on bringing fun and exciting thing to do, to see, to play, to eat in Hong Kong to its members.
The company was launched in June and have featured merchants such as Sweet Secrets, UA Cinema Group, Hair Culture, Francesca Chocolates, and other SPA & beauty services. The UA Cinema promotion has broken all Hong Kong eCommerce record by selling 4000 movie tickets online in just a day. The Company has also started a new trend with charity work, helping charity organisations such as Hong Kong Po Leung Kuk
Po Leung Kuk
The Po Leung Kuk is a charitable organisation in Hong Kong that provides support for orphaned children, education and other services.-Founding of Po Leung Kuk:...
保良局 sell charity concert tickets based on this collective group buying model.
More group buying sites are following the lead and launching in Hong Kong.
External links
- Official website
- FunShare Guru blog
- FunShare Facebook fan page
- Recent article from Marketing Interactive on the subject
- Recent article from Yahoo news / Hong Kong MingPao newspaper introducing the subject
- Recent article from Hong Kong SingPao newspaper introducing FunShare
- Recent article from Hong Kong Food Lovers Magazine 飲食男女 on FunShare (required subscription)
- Charity Event ticket selling with Hong Kong Po Leung Kuk 保良局