China’s Top 20 Daily Deals Sites – and Who Has the Hottest Deals?

Everyone loves a bargain. So which daily deals sites are creating the hottest deals? (Image source: China Daily)

In updated stats from group buy deal aggregator DaTaoTuan which go right up to the end of August, we get a new snapshot of China’s frantic and fragmented daily deals segment. Last time we checked, earlier this summer, we saw Tencent’s QQ Tuan was the king in terms of both market share and revenue.

This time round we see the top 20 deal sites in the country, and also get a good sense of who’s creating – and selling – the most successful packages. Note that DaTaoTuan didn’t scrape revenue figures this time.

China’s Group Buy Top 20

The market share in China, by revenue, up to the end of August (pictured above) shows that Tencent is still the leader. Below QQ Tuan, however, it’s still a choppy sea of rough competition. Meituan has slipped from second place in June to fourth in August; Manzuo from its third ranking down to fifth; 24Quan from fourth to eighth; and FTuan – which bagged US$60 million in funding this week – from sixth to tenth.

We were surprised to see that 55Tuan – whom we recently saw being sued by a comedian for using his image without permission – rose from ninth to be ranked second behind Tencent.

Top Deals

It’s a certain kind of magic that makes a daily deal into a top seller – and sadly no-one quite knows how to perform the trick at will. But DaTaoTuan does know that a successful deal not only sells like hot cakes, but also brings in 48 times more revenue than the average package, and has a lower than average discount:

Some group buy sites seem to have the knack for creating those well-received deals. Dianping, Nuomi, and Manzuo are the top three sites in this respect. Here’s a breakdown of who’s creating the top deals in August: