Groupon is eyeing a move into Thailand’s just months after rival LivingSocial entered the country’s group-buying market.
Updated below.
The online giant is seeking ‘Senior Management Staff’ to be part of the founding Groupon team in Bangkok. The company is looking to fill at least ten vacancieswhich are advertised on LinkedIn.
A move to Thailand makes a lot of sense given that the company has services in Southeast Asian’s most significant markets – including Malaysia, Singapore, Philippines (as Beeconomical), Indonesia (under recently acquired Disdus) – leaving Thailand and its 67 million population a stand-out absentee.
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Earlier this year Groupon missed on acquiring Thailand market leader Ensogo, whose company management admitted to not feeling a ‘fit’ with the global giant and its culture. Instead,Ensogo was bought on undisclosed terms by LivingSocialduring a busy day for the company which also saw it make a deal in Indonesia, where it snapped up DealKeren, and announce the purchase Dubai-based GoNabit.
At this stage, having missed out on Ensogo, it is unclear if Groupon will continue its usual policy and enter the Thai market through an acquisition, or build the office from scratch. A number of smaller players compete within the market but all trial Ensogo by some margin.
Grouponrecently rebranded its Indian servicethough its time in Asia has been blighteddisastrous operations in China. August saw its joint venture with Tencent – which operates as Gao Peng – forced to lay off hundreds of staff with more than ten offices across the country closed,according to the Wall Street Journal.
We have contacted Groupon and will update this article with any comment it has on the proposed service in Thailand.
Update:We contacted Groupon who declined to comment on this news.
Story byJon Russell
Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on T(show all)Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him onTwitter,Angel List,LinkedIn.
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