StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Deal of How The Day Group Buying Website Affects The Young Customers in - Dissertation Example

Cite this document
Summary
This dissertation "Deal of How The Day Group Buying Website Affects The Young Customers in " investigates the deal of how the day group buying website affects the young customers in China. The specific objectives were to determine the factors that guide how customers choose deal of the day…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.1% of users find it useful
Deal of How The Day Group Buying Website Affects The Young Customers in
Read Text Preview

Extract of sample "Deal of How The Day Group Buying Website Affects The Young Customers in"

Download file to see previous pages

 Group-buying sites started in Chinese suppliers in the year 2010 March and instantly joined into competitive competitors for the business.

At the optimizing of the trend, 5,058 such sites were in the marketplace, but there are only 943 left, generally due to a lack of financing, reviews news website Xkb.com.cn.Last year, a total of 1,514 groups-buying sites shut down or withdrew from the industry, a normal of four shutdowns per day, according to research from the Chinese suppliers Electronic Business Research Center. It is agreed that in the present year, household internet leaders may also start to re-evaluate the value of their group-buying sites, and organizations may look to combine or negotiate considering the new customer pattern of buying on cell phone applications.

In this summer, reviews appeared in China's Twitter and SinaWebat Juqi.com, one of the nation's top 10 group-buying sites, was near to bankruptcy, with several of its providers allegedly challenging to be compensated and starting to eliminate computer systems for the organization's head office after their demands were ignored. On August, 2, Juqi declined the rumors’ on its website, saying the organization is still in function. However, it is considered that the organization has already revoked its functions due to deficiency of financing;Juqistepped out for business in July 2010 and commenced websites in 15 places providing cafe, enjoyment and resort group-buying offers.

It rated among the top 10 group-buying websites last season, the review said. Wang Qiheng, CEO of Lingtuan.com, linked the failing of Juqi to its problems in establishing the route of its growth and cost control, thus leading to a financing absence and problems from clients. According to numbers collected by Tuan800.com, in the first 50 percent of the season the top five group-buying websites, such as Dianping.com and Meituan.com, included 90.09% of the complete household industry. Meanwhile, there are now only 943 group-buying websites remaining in the marketplace — a rate of success of just 18.6%. Contrary to the reducing number of the sites, the group-buying business is growing, attaining 14.1 billion dollars Yuan (US$2.3 billion) in the first 50 percent of the season, tagging its best first-half season to date. Whole-year dealings in the market may achieve as high as 30 billion dollars Yuan (US$4. 9 billion), with a substantial rate of development of about 20%, the review said. 

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Deal of the day group buying website affect the young customers in Dissertation”, n.d.)
Deal of the day group buying website affect the young customers in Dissertation. Retrieved from https://studentshare.org/e-commerce/1492426-deal-of-the-day-group-buying-website-affect-the
(Deal of the Day Group Buying Website Affect the Young Customers in Dissertation)
Deal of the Day Group Buying Website Affect the Young Customers in Dissertation. https://studentshare.org/e-commerce/1492426-deal-of-the-day-group-buying-website-affect-the.
“Deal of the Day Group Buying Website Affect the Young Customers in Dissertation”, n.d. https://studentshare.org/e-commerce/1492426-deal-of-the-day-group-buying-website-affect-the.
  • Cited: 0 times

CHECK THESE SAMPLES OF Deal of How The Day Group Buying Website Affects The Young Customers in

Factors Affecting Customer-Centric Website Design

The paper concludes that website designers must exploit Cloud technologies and use teams that are multicultural and gender sensitive when designing their websites if they truly want to make their customers the centre of their work.... With increasing use and time spent on the internet, and with the accompanying information overload, businesses are seeking to capture differentiate themselves through website designs that attract and engage customers.... Customer-centric web design aims at creating a website that is intended to meet the specific needs of customers as opposed to all web visitors....
6 Pages (1500 words) Essay

Social Media and New Age Marketing for Students in China

It is suggested that the existence of online shopping websites causes impulse buying and that the payment methods of online shopping websites lead to overspending.... This trend of reading expert and user reviews of products before buying them is more prevalent in the Asia Pacific (49%), followed by South America (43%), Middle East (40%), North America (33%), and Europe (32%) (Nielson, 2010)....
17 Pages (4250 words) Literature review

How Do Retailers Make Sure that They Are Reaching the Older Customer

Companies have to continuously monitor the market, in order to determine and assess new trends and maintain and exceed the customer's growth prospects and varying tastes, as customers' inclinations change quickly.... As a consequence, the retailers have to find a way to reach these customers by bringing the products to them.... ccording to the British Parliament website, 10 million people in the UK are over 65 years old.... Figure 1: Population by age in the UK in 1984, 2009, and 2034 Source: National Statistics Online, 2010 Hence, the 60 plus market represents a great market for retailers who shouldn't ignore them since they not only have more time to shop than any other age category but they usually have a significant buying power across many product fields....
41 Pages (10250 words) Thesis

The Issues Faced by Purely Online Retail Fashion Companies in Marketing Their Products

The variety of goods available to customers at a click of a button and the added benefit of allowing them to shop whenever it's convenient for them, and not during set 'operating hours' has in effect placed the customers in charge.... E-commerce comprises purchasing and selling goods and services in the WWW, and for many companies, this is their regular business but extended into the online space, and therefore apart from buying and selling, important are the issuer of money transfers, security, and other aspects of online interaction between companies, customers, suppliers, retailers, middlemen, etc....
61 Pages (15250 words) Coursework

Office Elegance E-business Plan

This essay demonstrates that OfficeElegance mission is to offer its customers with office wear, both shoes and clothing that are indeed trendy, beautifully, elegant, of great design, and of high-value fabrics; that energizes office activity.... The expectations of customers and their demand for products that represent the rapidly changing fashion industry have been increased as result of these huge advancements telecommunications technology.... OfficeElegance elegance will no longer be a one-city business but will be able to reach young men and women from most cities in America who are in search of elegant and unique office wear and shoes....
15 Pages (3750 words) Assignment

The Relationships Between Hierarchy of Needs by Maslow and Marketing

Cultural factor has a great influence on buying decision of the consumer.... When a buyer goes for buying a product or service, they sustain to conform to their culture.... Again in this situation, the various firms will try to divert his or her mind to purchase their product or services by saying how different and exclusive their services are.... This in return tends to affect the person emotionally and the person will most likely go ahead with the deal....
19 Pages (4750 words) Assignment

The Importance of Customer Service to Service Companies

Service companies directly deal with customers and they have customer service departments which have to continuously improve service to meet customers' needs and gain their loyalty.... Service companies directly deal with customers and they have customer service departments which have to continuously improve service to meet customers' needs and gain their loyalty.... Service management is about delivering to the customer needs, and delivery means how these supplies (product or service) are delivered in the hands of the customer and according to customer's specifications and demands....
8 Pages (2000 words) Coursework

How Do Retailers Make Sure that They Are Reaching the Older Customer

As a consequence, retailers have to find a way to reach these customers by bringing the products to them.... Putting the essence of the main message at the start would guarantee your users that they have visited the correct website.... According to the British Parliament website, 10 million people in the UK are over 65 years old.... Hence, the 60 plus market represents a great market for retailers who shouldn't ignore them since they not only have more time to shop than any other age category but they usually have a significant buying power across many product fields....
41 Pages (10250 words) Thesis
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us