Meituan* Archives - Page 3 of 5

China VC Weekly: Agricultural Robots and Lightspeed’s Largest Fundraising in History

In last week’s VC news, one of China’s most active VCs Lightspeed China Partners closes the largest fundraising round in its history, and more.

Meituan’s Smart Transportation Platform Split, Ride-Hailing Division Now Independent

Meituan recently split its smart transportation platform, which was established less than one year ago. The car-hailing and unmanned vehicle distribution divisions under the platform are independent.

Robot R&D Company Xianglu Technology Bags $16 Million in Angel Round Financing Led by Source Code Capital

Recently, Xianglu Technology announced that it had obtained 100 million yuan ($16 million) in angel round financing from Source Code Capital.

Zhenyun Technology Completes C Round Financing of RMB 650 Million Led by Meituan’s VC DragonBall Capital

On November 26, digital procurement service provider Zhenyun Technology announced the completion of a RMB 650 million ($102 million) C round of financing, led by Meituan's venture capital fund DragonBall Capital.

Meituan Q3 Revenue Reaches $7.6 Billion; Annual Transacting Users Reaches 667.5 Million

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.

Meituan’s First Domestic Urban Low-Altitude Logistics Operation Demonstration Center Settles in Shanghai

Meituan and the Jinshan District Government of Shanghai jointly announced that China's first urban low-altitude logistics operation demonstration center has officially settled in Shanghai.

Xiaomi and Huawei to Invest in NIO Battery Supplier Welion New Energy, Sources Say

Jiangsu Welion New Energy, a semisolid-state battery supplier of Chinese electric vehicle firm NIO, will receive investment from strategic institutions such as Xiaomi and Huawei.

China’s State Administration for Market Regulation Unveils 43 Anti-monopoly Cases

Most of them were internet enterprises, including Baidu, Alibaba, Tencent, Meituan, ByteDance, JD.com, Suning.com, Sina, 58 Group and more.

North Ocean Photonics Announces Completion of Nearly $62.7 Million Series B+ Financing

North Ocean Photonics, a Chinese photonic technology company, announced on Monday that it has secured nearly 400 million yuan ($62.7 million) in Series B+ financing.

New Adjustment to Meituan’s Retail Business: General Manager of Kuailv Division Changed

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.

As Recruitment Declines, China’s Internet Giants Learn to Slow Down

“There are two 18-year-olds, one in China, the other in the United States, both poor and short on prospects. You have to pick the one with the better chance at upward mobility. Which would you choose?”

Didi Tests Food Delivery Business in Chinese Market Again

The catering service project "Satisfying Gaifan"(满足盖饭) by mobile transportation platform Didi has undergone further tests.

Meituan Unveils Algorithm Rules for Food Delivery Order Allocation

After the government urged firms to improve working conditions, Chinese food delivery giant Meituan published its rules showing how the company's algorithms allocate orders.

Regulators Require 39 Companies Including Tencent and Alibaba to Establish Lists of Collected and Shared Personal Information

On November 1, China's Personal Information Protection Law, which has attracted wide attention from internet companies, has been officially implemented.