F.Y.I.

Local group buying market worth nearly $500m in 2011

February 6, 2012 10:04

Australians spent half a billion dollars on group buying deals in 2011, according to analyst firm Telsyte.

The announcement:

SYDNEY, AUSTRALIA – Australians continue to have a zest for online group buying deals with the market growing to be worth $498 million in 2011, according to local emerging technology analyst firm Telsyte.

Since commencing in 2010 group buying has grown to become a half a billion dollar local industry with some 5000 deals published and an average of 1 million vouchers sold each month.

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