Smart cities and smart transportation are what Chinese tech giants have been obsessed with since AI, 5G and IoT turned from hackneyed buzzwords to everyday reality.
When it seemed like we were about to hear the eulogy to the troubled industry, Meituan-Dianping and Didi Chuxing – companies that timely bought into bike-sharing flag-bearers Mobike and Bluegogo – started revitalizing their bicycle fleets.
In Meituan Dianping’s earnings announcement last week, the company said profit increased to 875.8 million yuan ($123.66 million) in the three months ending June 30.
Not long after Chinese bike-sharing start-up Ofo withered away, its longtime rival Mobike has begun to withdraw from overseas markets.
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.
Chinese on-demand service platform Meituan-Dianping overthrows Apple as the world’s most innovative company according to a recent ranking of American business magazine Fast Company.
Meituan-Dianping, China’s online food delivery-to-ticketing service platform, announced that the company enters partnerships with international firms for the development of its autonomous delivery open platform.