Groupon boss says more room for growth

It’s been three years since Groupon launched in Hong Kong and despite big changes to the global group buying sector, Groupon boss Danny Yeung remains optimistic.

Earlier this week the US listed company announced a partnership with Oriental Press Group to provide a daily deals platform for users on its flagship portal

Under the partnership users of the portal can directly access Groupon Hong Kong’s daily deals through a new portal.

Danny Yeung (pictured), chief executive officer at Groupon Hong Kong, said the deal means much more exposure for its daily deals platform.

“In fact, I’m very proud and honored that (Oriental Press Group ), such a rich company with so much heritage, has partnered with Groupon to combine forces to provide daily deals to a wider audience and for merchants.

“There is tremendous value by us working together,” he told Marketing.

Locally, Groupon now boasts a team of 150 staff and Yeung said there was still more room for growth.

“We still have so much potential here and we strive to build on our values which is customer first and treat out merchants right.

While competition has increase from the likes of Beecrazy and Yahoo,  RedeeME, a group buying platform under the South China Morning Post since closed.

“I’m excited about the future for Groupon Hong Kong,” he added. “Consumers are now starting to look at our site before they make a purchase, this could be for your local restaurants, your daily household products, your next vacation… daily deals has now become a part of consumer’s lives in Hong Kong,” he said.

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