Meituan is facing an anti-monopoly investigation for abusing its dominant position as the government steps up scrutiny of the country’s biggest tech companies.
Chinese e-commerce platforms are thinking about new ways to help consumers obtain cheaper pork. And the online community group buying model is one of the ways.
Meituan Dianping reported a revenue of 24.72 billion yuan ($3.57 billion) in the second quarter of 2020, surpassing the 23.48 billion yuan average estimates.
Chinese food delivery and rating platform Meituan Dianping has recently removed Alibaba’s online payment platform Alipay in its app, Tech Planet reported Wednesday.
Pinduoduo launched Duo Duo University as a local program in Yunnan Province that provides week-long training to equip farmers with important digital skills.
Meituan has rolled out live streaming features on its platform to promote traveling and provide training to tenants. E-commerce platform Pinduoduo has also launched a series of virtual travel via live broadcasts.
Chinese food delivery service company Meituan Dianping (Meituan) warned a negative year-on-year revenue growth and operating loss for the first quarter of 2020 as a result of the pandemic.
China’s VC activity is beginning to recuperate with a series of notable investments from ByteDance, Meituan Dianping, Matrix Partners China and others.
According to Meituan Bicycle’s big data, the number of cycling trips nationwide increased by about 86% on weekdays last week compared with two weeks ago.
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.
