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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).
On November 20, the general manager of the Kuailv Division of Meituan changed from Guo Wanhuai to Gao Yulong, the former head of the division's commodity department.
On Friday, Meituan released its financial results for the third quarter of 2021 as of September 30, 2021. The report shows that the company's revenue reached 48.829 billion yuan ($7.6 billion), an increase of 37.9% over last year.
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.
The orders with the "No tableware" option have reached 1.3 billion on Ele.me, according to its president Yongxin Fang. It is equivalent to reducing the use of more than 6,000 tons of wood and more than 3,000 tons of plastic.
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.
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.
Rumors have spread concerning food delivery platforms requiring their riders to register as individual industrial and commercial households, so as to avoid a responsibility that companies should bear. Meituan and Ele.me responded.
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.
This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma tell you how Wang Xing, the legendary Chinese serial entrepreneur who started out with...
Chinese food delivery giant Meituan's e-commerce business has recently been merged with the company's community group buying business, Meituan Select.
In response to this morning's "temporary failure of Meituan Zhongbao App", Meituan Waimai said on its official Weibo account that the failure had been completely repaired as of 10:46 a.m.