Groupon clones in Hong Kong

uBuyiBuy is doing very well. We can look at their Recent Buys page and determine their revenue thus far.

By looking at sales from the first 9 days since they launched — at that time they had ~20,000 Facebook fans — they’ve sold HKD$299,280 worth of coupons. I believe they take a 20% cut of everything. Not sure how quickly they pay their advertisers, could be Net 30, could be instant. Most coupons save the customer ~50%, e.g. spend 50, get 100. There are also credit card processing fees.

So of that HKD$299,280, 20% is HKD$59,865 or approximately HKD$6651 (~1k USD) per day thus far. Multiplying than times twelve is around HKD$1.7M (~200k USD). I imagine they will likely break into different districts as awareness grows — kowloon, island side, etc. — to try and offer more than one deal per day. Probably good potential to do USD$500k this year just in Hong Kong. They also have Taiwan and Singapore. Taiwan seems to be performing similarly and Singapore is yet to launch.

I can’t tell what their web traffic is since they’ve only been online about a month.

They have been gaining Facebook fans at the rate of 1000 or more per day, which is very impressive. They have nearly 39,000 now — most all of which look to be local, Chinese, Hongkongers, maybe 25 and under (I’m just looking at faces), perhaps the same fan base who listens to MC Jin and Van Ness Wu, their pop-ambassadors. I would suspect these guys are actively telling their fans to go “Like” the Facebook group. Their Facebook page for their Tapai site has 27,000 fans.

The other HK group buying site that I’ve been seeing is Twangoo. It’s up and running, but not with the kind of popularity uBuyiBuy has. They’re offering their second deal this week (they do things by the week) and 7 people have bought in so far, at least the met the deal minimum of 5.

Twangoo has 330 Facebook fans. They mostly look to be Chinese, but with a few more expats mixed in and still all young. Their posts are in English verus uBuyiBuy who posts almost exclusively in Chinese.

With all this said, who is going to win overall in HK? Seems like uBuyiBuy is on it’s way. Thought I’m curious to know their penetration in the expat market. Here’s an interview with ubuyibuy founder on Bloomberg: He says he was living in the US running a business, used Groupon himself, got a ton of business from it, and decided to head back to Asia to get it started there. We’ll see if he also ends up selling to Groupon. CityDeals from Germany sold for a reported 200M Euro. There are reportedly hundreds of Groupon clones in mainland China.

Is group buying a trend that is going to last forever, one that will become engrained in our buying habits?

Twitter updates, hackathons, YCombinator

My last post got me thinking about passively digesting information and how that concept can abstracts all the way out to hackers and creating great products.

Passively digesting information can be exhausting. While I’ve recently got back into Twitter and Facebook, it was nice to unplug for a month or so.

That said, there are several downsides to *not* staying connected. For instance I went to this TEDxBeijing event and the whole time I was thinking, “what the hell did I used to talk to people about at things like this.” It really takes practice and being in the social media “flow” (for me at least) to feel like I have fluffy new, current and cool, stuff to talk about.

Another downside. I’ve totally missed out on my friend’s lives recently. I really don’t know what is going on with them. Or, at least not to the level I did before. danah’s talk referenced how your friends can turn into celebrities. You watch (or receive via Twitter) their every move, you wait to hear about how that meeting s/he was stressed about went. Or, if someone’s mother liked that gift they got for her at Wal-Mart. Silly little things like that. People are always surprised that I’ve never seen 24 or MadMen or even Friends, really. That the only TV show I’ve ever watched (almost) all the way through is Battlestar Galactica (thanks to Melissa). Well, who needs all this when I have the lives of my friends to consume and laugh about.

Back when I used to talk about things other than Chinese. Back when I had to evangelize Twitter because no one had never heard of it. I would say that Twitter helps me passively digest the life’s of those I care about.

This is actually very powerful. And still very true, if you use Twitter as I did.

The value occurs in the real world. Face to face. Being “peripherally aware,” as danah calls it, allows for conversations to start at a higher level. Between people and about topics.

There is a vocabulary that is formed. There are black boxes. There is the ability to say one word or phrase and evoke in another person a whole set of feelings, memories, or information. This is the kind of stuff I love.

Minimized backstory. Everyone has less and less time in their day. What do I want from the 30 minutes I get to talk to my friend or loved one per day? I want to talk about something of value, something that I can help with, something that can bring us closer, that we can share. And generally it takes a while to get there. So, I tweet. And I ask my mom to tweet, and my uncle, and my cousins who are off in college, and my college best friend who I want to keep up with because I love that guy. I get these people’s updates to my phone and then when we do have time to chat we can start at a higher level. She/he can reference a meeting, a day when X happened, etc., and I get it. It helps put things in context and it helps accelerate the conversation to one of feelings and emotion (hopefully).

For news or events it’s the same thing. There is a shared vocabulary. Saying one thing like “the situation in China today” gets you on topic because you heard a bit about this already.

For me, there is a macro level to this as well, which I think I fell in love with while taking computer science classes. It’s the black box concept again. Or, the shared vocabulary. The more we can compartmentalize and thus abstract away from a concept, or a thought or a process, the sooner we can move up in scope, up in our thought process, up in what we can envision. And thus create.

I believe when you can do this with multiple people, when you add more processors, you again accelerate your ability to jump scope. This is why computer programmers often code all night or for five days straight or for three months in YCombinator. They don’t want to lose the high-level they are, in that moment, capable of processing at. And this this this is where the greatest things happen. This is what my friend Andrew wanted so badly to recreate with a “startup house.” This is flow.

And I miss it.

Some excerpts from danah boyd. Information flow.

Our bodies are programmed to consume fat and sugars because they’re rare in nature. Thus, when they come around, we should grab them. In the same way, were biologically programmed to be attentive to things that stimulate: content that is gross, violent, or sexual and that gossip which is humiliating, embarrassing, or offensive. If were not careful, were going to develop the psychological equivalent of obesity. Well find ourselves consuming content that is least beneficial for ourselves or society as a whole.

In a world of networked media, it’s easy to not get access to views from people who think from a different perspective. Information can and does flow in ways that create and reinforce social divides. Democratic philosophy depends on shared informational structures, but the combination of self-segmentation and networked information flow means that we lose the common rhetorical ground through which we can converse.

We give power to people when we give them our attention and people gain power when they bridge between different worlds and determine what information can and will flow across the network.

To be relevant today requires understanding context, popularity, and reputation.

Making content work in a networked era is going to be about living in the streams, consuming and producing alongside “customers.” Consuming to understand, producing to be relevant.

…the tools that consumers need are those that allow them to get into flow, that allow them to live inside information structures wherever they are, whatever they’re doing. The tools that allow them to easily grab what they need and stay peripherally aware without feeling overwhelmed.

via “Streams of Content, Limited Attention: The Flow of Information through Social Media”Citation: boyd, danah. 2009. “Streams of Content, Limited Attention: The Flow of Information through Social Media.” Web2.0 Expo. New York, NY: November 17.

I highly suggest reading danah’s entire talk. Something I didn’t paste because it would have been a bit long, was her reference to (one of my favorite guys) Csikszentmihalyi’s “flow” and how “Those who are most enamored with services like Twitter talk passionately about feeling as though they are living and breathing with the world around them, peripherally aware and in-tune, adding content to the stream and grabbing it when appropriate.” When explaining this feeling to others I’ve often used the phrase “passively digesting.” Passively digesting and therefore keeping up the things you care about.

Those danah describe live in a world where 140 character updates from close friends, possibly family, maybe bits of news and a celebrity or two are delivered to our phones, via SMS, as they happen. I can see the flow metaphor for sure.

That said, danah’s talk reinforces that “Prejudice, intolerance, bigotry, and power are all baked into our networks. In a world of networked media, it’s easy to not get access to views from people who think from a different perspective. Information can and does flow in ways that create and reinforce social divides.”

Here’s another one to think about.

“All of us who professionally use the mass media are the shapers of society. We can vulgarize that society. We can brutalize it. Or we can help lift it onto a higher level.”
Bill Bernbach

Pretty sure my iPhone is a goner.

Pretty sure my iPhone is a goner.

I have 16 days left on my original one year hardware warranty from Apple, but since that’s only valid in the America (*fail*) I guess what I’m going to do is buy AppleCare to extend my warranty… and take the dumb thing to the Apple Store in Austin when I get to town.

This is basically my situation: “i tried the power/home combo, tried the home/up-volume/power combo, each done multiple times, none worked. i knew the phone was working because i could play songs, it rang / vibrate when i used another phone to call it, and itunes detected it, i even could back it up. the only problem is, the whole screen is white and i cant see anything else.

so, i decided to restore it on itunes. now, restore is done. and the screen is still white. ”

I really wish I could get this thing fixed myself. From this post I thought it was just a connector that finally rattled loose from me dropping my phone all the time, but, after taking the thing apart, I think it’s a busted LCD.

I could try taking the LCD off to check more connections, but doing requires breaking a sticker that will for sure void my warranty. I could also ship it to American before my one year warranty expires and beg one of my friends to take it to the Apple Store, but that would cost prob 50 bucks and I would just get it from them when I got there myself. Might as well just buy the AppleCare. Alas. What will I do without an iPhone?

Melissa is here visiting me from HK. Yay…

Melissa is here visiting me from HK. Yay! We’ll be sure and do a YouTube video tomorrow (I’m writing this so we will remember). Today we went to the 798 District and looked at modern Chinese art. Then we went to YaXiu Market and looked at another form of modern Chinese art, knockoff clothing and bags.

In other news, I dropped my iPhone face first onto the tiled bathroom floor and now the screen shows only white. I think it’s probably a loose wire inside. I took it to the Apple store here in Beijing but they said they couldn’t help because my phone was purchased in America. I’m a little confused as to why that would be the case. I think I’m going to go back tomorrow and talk to them again. Otherwise I’ll just take the phone apart myself, and void the warranty.

I really want to make an iPhone app that…

I really want to make an iPhone app that helps people create sentences in Chinese.

Here’s the minimum viable product:

  • 1. Search for a word or phrase like you would in any Chinese dictionary app.
  • 2. Save it.
  • 3. Search for another word or phrase.
  • 4. Save it….
  • 5. Once you have all the words you want to use in a list, click Make A Sentence.
  • 6. New page. Empty text field at the top. All your words or phrases are below. Drag and drop them into the correct order.
  • 7. You can now copy and paste your new sentence into a text message or email. Or, just say it.