Over the past six years group buying had grown into a multi billion (US) dollar business. Among the many sites focused on group buying around the world, Groupon.com is the largest with global presences in 24 countries or 168 cities, and Woot.com pioneered the concept when it started in 2004.
If you are not familiar with group buy please allow me to explain, the concept is fairly simple. A merchant (shop) subscribes to a group buying site (site). The shop creates an offer for it’s services or products at a discounted price; something that is very attractive (around 50% off or more). The shop specifies a minimum number (tipping point) of sales for the offer before it becomes valid. The site will then list the offer along with customized marketing copy on its site and all channels the site has at its disposal.





Shortly after the release of OS X version 10.5.7 Apple released 10.5.8 to its developers for testing. This version of OS X is rumored to be the last of the OS X versions that continues to support the PowerPC Macintosh. With an educated guess this rumor is definitely believable, as OS 10.6 is expected to be released sometime in September 2009, and it will not support Macintosh hardware with PowerPC architecture.
This morning 3 HK, the official Apple carrier partner, began selling iPhone 3GS in Hong Kong.
