Meituan, China’s leading e-commerce platform for services, saw its revenues increase by 16.4% to 50.9 billion yuan ($7.42 billion) in the second quarter of the year, according to its financial report released on August 26.
Chinese food delivery giant Meituan's e-commerce business has recently been merged with the company's community group buying business, Meituan Select.
On August 19, Ele.me, a food delivery platform, and ByteDance's Douyin, jointly announced a cooperation deal. The two sides will work together to explore offerings of local life services while helping to connect merchants and consumers.
At the 2022 Global Digital Economy Conference on July 29, Meituan, China's leading e-commerce services platform, displayed many products such as automatic delivery vehicles, drones, smart restaurants and smart pharmacies.
MenuSifu, a point of sale (POS) software developer, on July 27 announced it had closed a $20 million Series B fundraising round, led by Challenjers Venture.
Neil Shen, the Founding and Managing Partner of Sequoia China, has recently sold more Meituan shares, after previously reducing his holdings by 21.07 million shares and cashing out HK$3.9 billion ($496.86 million) in early July.
Users of Douyin, the Chinese mainland version of TikTok, can now purchase combo meal delivery services from restaurants through the platform.
Saltalk, a virtual kitchen and e-commerce platform that connects food entrepreneurs and customers, will continue to seek Series B funding worth $30 million by early next year, the firm's founder and CEO Fred Ming told Pandaily in a recent interview.
Xin Lijun, the CEO of JD Retail, said in an interview that JD.com was studying the possibility of entering the field of food delivery.
In response to recent reports regarding Dingdong Maicai's "large-scale withdrawal", the grocery e-commerce platform responded on Monday that the information was untrue.
Chinese e-commerce company JD.com will attempt to develop a food delivery business. Under the arrangement, merchants will operate through the JD Daojia app.
Meituan, China's leading e-commerce services platform, announced on Thursday its unaudited consolidated results for the three months ended March 31, 2022.
Beijing-based local e-commerce platform Meituan announced on Wednesday its recent efforts and achievements in helping the elderly, assisting delivery drivers and green consumption in its "2021 Corporate Social Responsibility Report."
Food delivery platform beU delivery has completed seed round financing worth several million dollars, led by Y Combinator.
In order to ensure the safety of delivery drivers, the local life services platform operated by major Chinese tech firm Meituan has announced it will put 100,000 smart safety helmets into use in Beijing and other cities this year.