Singapore Local page daily transactions, Beeconomic, was bought out by global Groupon player in the market, among the torrent of acquisition by the latter in the effort to extend its reach throughout the region.
In a statement Wednesday startup Singapore which started operating in May it will create local Groupon operations and be part of a regional network that now includes Hong Kong and the Philippines. Chicago Company did not sign a similar agreement for the acquisition of uBuyiBuy Hong Kong and Taiwan Atlaspost if it is location-based social networking site with over 1.2 million users.
Financial details were not disclosed connection. All three will take place Groupon brand and website design in the coming months, according to the company.
PresidentGroupon and COO, Rob Solomon, said in a statement: We see huge potential in Asian market Groupon and expansion to Hong Kong, Singapore, Philippines and Taiwan is an important next step . We are happy to use the incredibly Internet-savvy customers to generate increased sales for local merchants.
From the outset, Beeconomic sold more than 16,000 coupons.
The announcement comes on the heels of rumors that he was Groupon bought by Google in a contract worth $2.5 billion. Launched in November 2008, has a worldwide subscriber base Groupon of 33 million in 35 countries.
Via: Spore Groupon buys online start
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