Out of a total of 494 global unicorns, categorized by a valuation of over $1 billion, 206 were Chinese, compared to 203 from the United States, according to the latest Hurun Report on unicorn companies.
Meituan-Dianping, China’s king of food delivery and lifestyle services introduced a new service succinctly named Meituan Voice in cooperation with the Chinese Association of the Blind.
The valuation makes Meituan the third largest listed Internet company in China following Alibaba ($428.3 billion) and Tencent ($394.3 billion).
In Meituan Dianping’s earnings announcement last week, the company said profit increased to 875.8 million yuan ($123.66 million) in the three months ending June 30.
Bloomberg has reported that Alibaba will choose China International Capital Corp. and Credit Suisse Group AG to lead the share sale for their Hong Kong offering.
Meituan added 10 cities to its ride-hailing pilot project. The “aggregation mode” allows users to call a taxi on different platforms with one click. New cities include Qingdao, Wuxi, Taiyuan, Dongguan, Foshan, Fuzhou, Xiamen, Beijing, Dalian and Harbin.
Whether you are a traveler or expat in China, there are a few apps you’ll need to get to enhance your experience in China. We’ve compiled a list of 10 apps you must download before going to China.
Not long after Chinese bike-sharing start-up Ofo withered away, its longtime rival Mobike has begun to withdraw from overseas markets.
China’s online food delivery-to-ticketing company Meituan Dianping reported a total loss of 115 billion yuan in last year, and an 11 billion yuan operating loss, dropping down by 190 percent compared to that of 2017.
Chinese on-demand service platform Meituan-Dianping overthrows Apple as the world’s most innovative company according to a recent ranking of American business magazine Fast Company.