DDmap.com, who claim to be China’s largest lifestyle information website, has recently concluded its $40+ million round of funding. We blogged about it about a while ago but it seems that the company is looking to recycle the news or to get more coverage among English media. Well, this “recent” announcement does have some more juicy stats worthy to share at least.
DDcoupon, a mobile coupon app under the care of DDmap, has attracted nearly 10 million downloads across Android, iOS, Windows Phone, and Symbian platforms so far. The app claims to have over 50,000 coupons ranging from food to beauty for users to download across 40 first and second tier cities in China.
While group-buying deals are on the down side, digital coupons look to be gaining momentum. A similar startup in India, Freecharge.in, announced its $4 million funding round earlier this year. Coupons apps aren’t the sexiest business to be in but it’s undeniable that users still enjoy deals. I think most users would prefer not to go through the hassle of the group-ordering process and at times feeling disappointed with the sub-par offering from group deals merchants who are looking to reduce losses.
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