| Industry | Electronic commerce |
|---|---|
| Founded | 2009 |
| Headquarters | HQ in Hong Kong |
| Website | www.funshare.com |
FunShare.com (享樂網) is a brand new eCommerce company focusing on group guying (or 團購 - tuangou in Chinese ) and started/HQ in Hong Kong.
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Hong Kong, just like the US, went through a bubble burst in the internet space back in 2000. eCommerce was a big concept then and many companies tried to implement in Hong Kong, copying US companies such as eBay, Amazon.com, etc. Group Buying was also one of the formats tried, but mostly implemented in form of building a platform and allowing users to facilitate the group buying activities on their own. Although that strategy was not successful, the concept of group buying lives on, mostly via forums or discussion boards. And with an internet population of 4.7M in Hong Kong, and hugh growth rate in rest of Asia and China, many believe that eCommerce, especially group buying, is again something consumers will like.
FunShare.com, a wholly owned subsidiary of LujoLujo Asia Limited, was established in 2010 in Hong Kong by 2 founders. Group buying or tuan gou is now gaining popularity in the US, Europe, and beginning to spread over to China and Asia. FunShare.com is the first company in Hong Kong to implement the new group buying concept with a website, and combining with social media channels such as Facebook. According to the company, it focuses on bringing fun and exciting thing to do, to see, to play, to eat in Hong Kong to its members.
The company was launched in June and have featured merchants such as Sweet Secrets, UA Cinema Group, Hair Culture, Francesca Chocolates, and other SPA & beauty services. The UA Cinema promotion has broken all Hong Kong eCommerce record by selling 4000 movie tickets online in just a day. The Company has also started a new trend with charity work, helping charity organisations such as Hong Kong Po Leung Kuk 保良局 sell charity concert tickets based on this collective group buying model.
More group buying sites are following the lead and launching in Hong Kong.