This week’s VC landscape has been dominated by smaller players with the biggest round raised barely reaching $122 million.
TagFood Delivery
Chinese e-commerce giant Meituan on Nov. 30 released its unaudited financial results for the third quarter of 2020 ended Sept. 30, with share price falling about 7% in Hong Kong before its third-quarter results were published.
Passengers at Beijing Daxing International Airport now can have their food delivered to the departure gate as the one-year-old hub is collaborating with Alibaba-affiliated food delivery platform Ele.me.
Eleme Inc. and Meituandianping Inc., two of China’s largest online food delivery service platforms, aroused controversy Wednesday after they published statements in response to an investigative story describing the problems that food delivery workers face.
Cooking-sharing app Home-Cooked has halted operations, indicating the downsides of sharing economy in today’s China.
Ever since the coronavirus outbreak, multiple delivery platforms in China have now proceeded with contactless delivery services.
On December 22, 2019, a Meituan food deliveryman attacked a supermarket employee with a knife in a shopping mall in Wuhan.
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).
Ant Financial, the Chinese payments giant, is in talks to lead a $600 million funding round in India’s leading food delivery app Zomato, people familiar with the matter told the Economic Times.
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.
On Oct. 15, it was reported that Ant Financial, the financial arm of Alibaba Group made a $210 million of strategic investment in the Indian delivery startup Zomato.
Alibaba Group announced today to merge the online food delivery service platform Ele.me and its local commerce platform Koubei into a new local life service company.
Trustdata released a new mobile Internet report on July 31, unveiling a 6-3-1 shape of the food delivery market in China where Meituan Waimai continues to lead with 60 percent of the market share, followed by Ele.me at 36 percent and Baidu Waimai at 3 percent.
Ordering a drink or meal at 2 a.m. could be possible in the future, as Meituan unveiled on July 25 more details of its driverless food delivery vehicles.
India’s food-delivery startup Swiggy announced yesterday that it had grabbed $210 million for its newest Series G funding, valuing the startup at $1.2 billion and making it the newest entrant of India’s unicorn club.