groupbuying
nounUK /ˈɡruːpˌbaɪɪŋ/
US /ˈɡruːpˌbaɪɪŋ/
When many people buy something together to get a cheaper price.
Our neighbors did groupbuying to get a discount on fresh vegetables.
RELATED WORDS
OTHER MEANINGS
2. A purchasing method where a group combines orders to meet a seller's minimum quantity.
The store offered groupbuying so small shops could order together.
3. An online shopping event where buyers join to unlock lower prices.
She joined a groupbuying page to buy the toy at half price.
4. A business model in which a platform organizes many buyers for one deal.
The startup built its groupbuying service around local grocery stores.