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China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($7.64-$9.17) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to $55 billion, four people…
Ever-shrinking deal site Groupon has exited another market – this time selling its Malaysia business to KFit Group. KFit, in which Groupon is an investor, had already acquired the Groupon Indonesia business. “With our Indonesian business achieving nearly…
Vietnam and Indonesia are tipped to become the largest Southeast Asian eCommerce markets within the next five years. Stunning growth in both markets is predicted in a report by global research company Frost & Sullivan which expects the broader region’s…
Malaysian health and fitness company KFit Holdings is about to enter the Indonesian market after signing a deal to acquire eCommerce company Groupon Indonesia. For an undisclosed amount, the acquisition will see KFit enter Indonesia with Groupon as a wholly…
Groupon Indonesia will become a wholly-owned subsidiary of KFit and Groupon Inc will be a strategic shareholder of KFit. The terms of the deal have not been disclosed. A report in the Chicago Tribune said Groupon announced the sale on Monday, the latest step…
Jeff Bezos has no interest in bringing Amazon to the 51 million people in South Korea, and Bon Kim is the reason for that. Kim is the CEO of Coupang, the fastest growing e-commerce site of all time in South Korea. The startup, founded in 2010, grossed nearly…
The largest South Korean retailers, faced with cut-throat competition in the rapidly saturating domestic market, are turning their attention to overseas markets in conjunction with small and mid-sized businesses to secure a new growth driver. The country’s…
Groupon – which has exited three Asian markets this year – continues to struggle globally with ts flawed discounting model. Operating on wafer thin margins in the first place, the company has taken a severe hit from currency exchange fluctuations in the third…
Private equity investors Anchor Equity Partners and KKR are to take a controlling stake in South Korean mobile eCommerce company Ticket Monster from Groupon. Anchor and KKR, in conjunction with Ticket Monster Korea management, will inject new capital into the…
Groupon could divest four businesses in the next two years, netting as much as USD730 million, to raise cash as it expands into an e-commerce marketplace, according to Gene Munster, an analyst at Piper Jaffray Cos. Groupon has a market value of about USD5…
