Chinese online InsurTech company Waterdrop Inc. is planning for an initial public offering in the US in the first quarter of 2021, expected to raise approximately $500 million.
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China’s retail services platform Meituan officially released its first AI smart store MAI Shop on Wednesday in Beijing, bringing a new unmanned delivery retail experiences to residents.
Chinese food delivery and services platform Meituan have begun collaborating with video and live streaming company Bilibili to launch limited edition “Bullet Chat Meituan Bikes” across various cities.
Though hit by COVID-19 pandemic, Meituan Dianping's market value rocketed, becoming the third most valuable internet company in China.
Meituan has rolled out live streaming features on its platform to promote traveling and provide training to tenants. E-commerce platform Pinduoduo has also launched a series of virtual travel via live broadcasts.
On April 10, Guangdong Restaurant Association issued a negotiation letter to Meituan, a Chinese O2O delivery platform, criticizing that it charges excessive commissions from catering merchants.
Chinese food delivery service company Meituan Dianping (Meituan) warned a negative year-on-year revenue growth and operating loss for the first quarter of 2020 as a result of the pandemic.
On March 4, Wang Xing, the founder and CEO of Meituan Dianping, issued an internal letter to commemorate the tenth anniversary of its establishment.
According to Meituan Bicycle’s big data, the number of cycling trips nationwide increased by about 86% on weekdays last week compared with two weeks ago.
Meituan Dianping selected over 4,700 stores from 31 cities in 19 countries and included them in two lists titled “2019 Reputable Restaurants” and “2019 Popular Brands”.
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).
Meituan added 10 cities to its ride-hailing pilot project. The "aggregation mode" allows users to call a taxi on different platforms with one click. New cities include Qingdao, Wuxi, Taiyuan, Dongguan, Foshan, Fuzhou, Xiamen, Beijing, Dalian and Harbin.
On Jan. 23, Wang Huiwen, co-founder and senior vice president of Chinese food delivery giant Meituan Dianping, announced in an internal letter the full integration of bike-sharing company Mobike into the Meituan system.
On Nov. 22 Meituan-Dianping, China's on-demand service provider, released its first earnings report after raising $4.2 billion in an IPO in September. Its third quarter operating loss soared to $497.46 million, that means it tripled from last year's $151 million for the same time period.
In Ep. 26 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma discuss Koubei, rounding up the second installment of a two-part deep-dive into the local services space in China. An Alibaba subsidiary, Koubei recently merged with ele.me, another Alibaba-owned (via acquisition) entity which was covered in Ep. 25 last week.