CHICAGO--(BUSINESS WIRE)--Groupon (http://www.groupon.com) announces the launch of Groupon Malaysia via acquisition of daily deal site GroupsMore (http://www.groupsmore.com). Terms of the deal were not disclosed.
Using the principles of collective buying, Groupon negotiates unprecedented discounts with popular businesses and shares them with subscribers via free daily emails. The deals are activated only when a minimum number of people agree to buy, encouraging subscribers to share the promotion with family and friends. By guaranteeing a large number of new customers, Groupon has created a powerful new marketing vehicle for local merchants in thousands of cities worldwide. This innovative approach to e-commerce has brought millions of dollars in new revenue to local businesses while saving more than $1.5 billion for consumers around the world.
The addition of Groupon Malaysia continues Groupon’s global growth and extends its reach throughout Asia. Currently serving two states in Malaysia, including Kuala Lumpur, GroupsMore is already one of the top group buying sites in the country.
“The acquisition of GroupsMore is further evidence of Groupon's strong commitment to working with only the best collective buying sites throughout Asia and across the globe,” said Rob Solomon, president and chief operating officer of Groupon. “We will continue to help shape the way local merchants market themselves in every corner of the world.”
Groupon Malaysia has now joined Groupon’s global network, which offers unbeatable deals to more than 50 million subscribers in 40 countries. Groupon employs more than 4,000 people worldwide.
About Groupon
Groupon, launched in November 2008 in Chicago, features a daily deal on the best stuff to do, eat, see and buy in more than 500 markets around the world. Groupon uses collective buying power to offer unbeatable prices and provide a win-win for businesses and consumers, delivering more than 650 daily deals globally. For more information, visit http://www.groupon.com.