∗Meituan-Dianping Archives - Page 2 of 2

China’s Central Bank Dispels Rumors Around Xiaomi and Meituan’s Special Loan

Representatives of the Central Bank pointed out that even if approved, the loans will be far smaller than the 4 billion and 5 billion yuan sought by the companies.

Chinese Companies Apply for Loans to Confront the Coronavirus

More than 300 companies have applied for loans from local banks in Beijing in recent days, totaling at least 57.4 billion yuan.

Delivery Platforms Pilot Contactless Services During Coronavirus Outbreak

Ever since the coronavirus outbreak, multiple delivery platforms in China have now proceeded with contactless delivery services.

Meituan Co-founder to Retire From Management Role

Meituan Dianping's co-founder and Senior Vice-President Wang Huiwen will retire from his management role as of December 2020.

Ep. 58: China Grocery E-Commerce: Bloodbath or Gold Mine?

In Episode 58 of Tech Buzz China, our first episode of the new decade, co-hosts Rui Ma and Ying-Ying Lu talk about grocery e-commerce, or buying fresh food over the internet.

Mobike: Nearly 190,000 Reports on Destruction of Bikes in 2019

Dock-less cycle-sharing group Mobike, owned by Meituan Dianping, announced that nearly 190,000 users had reported destruction and misuse of bikes through the app in 2019.

Meituan Deliveryman Stabs Customer in Wuhan

On December 22, 2019, a Meituan food deliveryman attacked a supermarket employee with a knife in a shopping mall in Wuhan.

CEO of Chinese Crowdfunding Platform Shuidichou Apologizes for the Company’s Misconduct

Shen Peng, founder and CEO of Shuidichou, a Chinese medical treatment crowdfunding platform, apologized on Weibo for the company’s aggressive tactics to promote its services in hospitals.

Meituan Dianping Released Annual List of Top Stores and Brands Globally

Meituan Dianping selected over 4,700 stores from 31 cities in 19 countries and included them in two lists titled “2019 Reputable Restaurants” and “2019 Popular Brands”.

Meituan-Dianping Announce Strong Q3 2019 Results, Bet on New Business Pays off

Meituan-Dianping’s quarterly revenue reached 27.5 billion yuan ($3.9 billion), while the total transaction amount increased by 33.6% year-on-year to 194.6 billion yuan ($27.5 billion).

China Leads the World in Number of Unicorn Startups

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.

New Meituan Service Allows Blind People to Interact With Food Delivery App Verbally

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.

Meituan Becomes Third Largest Internet Company in China

The valuation makes Meituan the third largest listed Internet company in China following Alibaba ($428.3 billion) and Tencent ($394.3 billion).

Meituan Dianping Posts First Profit as Public Company

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.

Alibaba Targets Hong Kong IPO

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 Expands “aggregation” Ride-hailing Pilot Service into 10 More Cities

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.