24 QUAN

24 Quan (24券) is an e-commerce website focused on group purchasing. It was launched by Beijing Hongweibo Culture and Art Co., Ltd. 24 Quan provides only one daily boutique item, including various sites for consumptions such as Chinese and Western restaurants, theaters, concerts, bars, hair and body salons, KTV, nightclubs, outdoor sports, tourism, sports events and physical fitness, and more. When the number of buyers reach the minimum for grouping, the dealers and the stores offer discounts. As an organizer of the existing business mode, 24 Quan reduces the overall cost of consumption and hands out these discounts to each customer in group-buying through scale effects.