Supersize my shopping and max my credit card, please
By Jules Quartly | China Daily | Updated: 2011-03-02 07:46
Group buying makes me think of supersizing McDonald's meals. You think it's a bargain, more for less, and then you die of a heart attack.
But the thing is the domestically developed business model, known in Chinese as tuangou, is a huge deal and the idea has spawned about 1,000 group buying website operators in the past year.
It works like this on a shoppping website: Click on to the Web page and browse for goods that are offered at a heavy discount. For example, a meal for four that would usually cost about 256 yuan ($39) is offered for just 98 yuan.
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