Shoppers team up for better deals – Update

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Last month, we wrote about the Chinese phenomenon known as tuangou, or team buying. In a nutshell, people interested in buying a certain product get together online, and then storm into a physical store at a coordinated time to negotiate a bulk discount. Tuangou is a prime example of crowd clout: consumers using their collective power to get what they want. A new website in Malaysia does something similar, but sticks to buying and selling online. Like tuangou, Tumpang, which is Malay for pooling, makes it easy for buyers to pool their resources to get a bulk discount on everything…

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