Groupon has continued their world dominance and have launched their official site in the United Arab Emirates (NASDAQ:UAE). The site URL is www.groupon.ae. The UAE site will serve the main cities in the country first, Dubai and Abu Dhabi.
“Groupon’s expansion to United Arab Emirates is another step in our development as a global Internet brand,” said Rob Solomon, president and chief operating officer of Groupon. “Groupon UAE will change the face of the local collective buying market, leveraging the best practices Groupon has pioneered in more than 40 countries around the globe.”
Groupon is focusing heavily on global expansions at the moment, as they recently launched in China with Gaopeng.com, a collaboration with local-based Tencent.com. It was obviously very important for Groupon to launch in China simply because of the population size. Now, the UAE expansion is also very important because its a rich country in general and the average price of a product sold will be a little higher than in other markets.
Google and AOL are both trying to frantically develop Groupon competitors, but so far they are yet to gain any real traction. Keep an eye on one of these companies or Amazon to push in this market. Amazon recently acquired LivingSocial the number two player in this market.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.