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November 19, 2010 (Fri)
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Group Buying: Transforming Consumerism and Businesses
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*Danny Yeung, Chief Executive Officer, uBuyiBuy.com
*Christina Chang, Brand Manager, TONI&GUY
*Moderator: Eric Pong, Founder and CEO, Red Hare Limited
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Young Professionals Committee
and Communications & Marketing Committee
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The group buying revolution has taken the world by storm and is now affecting businesses and consumers in Hong Kong on a new level.
What is this phenomenon called group buying? Already a hit in the US with sites such as Groupons, the deal-a-day tool combines power in numbers from the consumers with bargain hunting. For instance, a vendor agrees to offer an exclusive rate for a product or service, but only if its expected number of consumers confirms its interest. As representatives of one of the leading group buying sites in Hong Kong and one of its vendors, Mr. Danny Yeung and Ms. Christina Chang will discuss some of the issues surrounding this revolutionary consumer trend:
· \What are some of the advantages and disadvantages for consumers? · What are some of the advantages and disadvantages for merchants? · How has social media has changed the way businesses do business and how is group buying using social media to help businesses in such a competitive service-oriented market.
 As the CEO of uBuyiBuy.com, Mr. Danny Yeung has set the strategies and visions for the company and introduced the culture of online group buying to the Asia Pacific region. Realizing that e-commerce was still at in its infancy stage when compared with the US and Europe, Mr. Yeung, along with his business partners, created, developed and managed the online group buying platform featuring appealing deals in Hong Kong, Singapore and Taiwan. Prior to being involved in uBuyiBuy.com, Mr. Yeung worked for Keynote Systems, managing Keynote’s Test Perspective service, as well as Barracuda Networks. Since its launch in Hong Kong in late June, uBuyiBuy.com has sold more than 80,000 vouchers, saving over 50,000 consumers more than HK$8,000,000. uBuyiBuy.com works with top-rated businesses, such as Starbucks, Haagen Dazs, Dining Concepts, caffè HABITŪ, UA, AMC, PizzaExpress, Outback, TONI&GUY Salons, BLT Steak, Ding Tai Fung and many more.
 Ms. Christina Chang has more than 15 years of experience in marketing and public relations, especially in the entertainment and hospitality industry with renowned brands such as The Manhattan Group and the club dragon-i. She has expertise in turning new concepts to real practice and introducing new products, planning and launching marketing campaigns. Today as the brand Manager of TONI&GUY Hong Kong, she pays great efforts in maintaining the reputation as well as in pushing the standard of the brand.
Eric Pong is founder and CEO of Red Hare Limited, a wholesale distributor of consumer electronics, and a former Chairman of the Young Professionals Committee. In the recent years he has taken roles such as angel investor, adviser, or consultant in a number of web startups. While most of them have been unsuccessful, he holds onto the hope that one day a few will grow to become successful businesses. When not involved in business ventures, Eric likes to spend a significant amount of his time doing volunteer work and community service. |
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| Time: |
12:00-2:00pm (light lunch included)
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| Fee(s): |
Member Fee: HK$250 [ Login Now | Enjoy special member rates ]
Non Member Fee: HK$350
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| Venue: |
AmCham Office
Conference Room
1904 Bank of America Tower
12 Harcourt Road, Central
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| Inquiries: |
cli@amcham.org.hk (please use the following subject line for your email: "Date of event / Speaker name(s) or event title")
Fax (852) 2810 1289 |
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| Media: |
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