JigoCity, a daily deals site owned by Penthouse publisher FriendFinder Networks (yes, that FriendFinder), has announced that it will not offer deals anymore in Singapore, Hong Kong, Malaysia, and Australia.
Notices were put up on the various country sites yesterday stating how JigoCity is “consolidating operations” and will only remain operational in “select countries”. They appear to be doubling down on Taiwan and the rest of China. Read more
Now, even Penthouse wants to get into the pants of your favorite Groupon clone. FriendFinder Networks, which owns the famous adult magazine, is looking to buy up JigoCity owner BDM Global Ventures for US$65 million, reported Reuters on 12th September.
JigoCity, which was started in America, operates in 20 countries worldwide, including Singapore, Malaysia, Hong Kong, and many parts of Asia. While its presence in the Singapore market is small, it claims to have a worldwide revenue of US$600,000 in July and US$1.1 mil in August. The site’s net income is unknown. Read more