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.
After Meituan’s going public, Meituan CEO Wang Xing’s networth has rocketed to $41.7 billion.
Happy Holidays, TechBuzz listeners! That’s right, it’s Mid-Autumn Festival, followed closely by Golden Week for the Pandaily team back in Beijing. In honor of the holidays — and to commemorate *almost* six months since we released our first episode of TechBuzz back in April of this year — co-hosts Rui and Ying-Ying are taking off as…
On Sept. 20, Meituan-Dianping started trading at the Hong Kong Stock Exchange.
Meituan-Dianping (Meituan), one of the most popular local online group purchase platforms in China, updated the operating data throughout its IPO Prospectus on September 3.
Meituan Hotels has overtaken Ctrip to rank first in China on the fronts of order volume and nights booked in Q2 2018, according to a report released on August 30 by Trustdata, a mobile internet data monitoring company.
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.
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 “copy to China,” is now standing behind one of the largest unicorns in the world, Meituan-Dianping.
Tencent-backed Chinese Internet giant Meituan-Dianping is seeking to go public in Hong Kong at an evaluation of $60 billion. According to The Information, it is reported that Wang Xing, CEO of Meituan, was in Hong Kong tapping several banks for listing details.
TechBuzz China is a new weekly technology podcast powered by Pandaily hosted by Rui Ma and Ying-Ying Lu. To listen to this week’s conversation on Toutiao’s Apology and Mobike’s Acquisition by Meituan-Dianping, you can tune in to TechBuzz China on iTunes Podcast, SoundCloud, or simply search for TechBuzz China in the podcast app of your choice.
Didi Waimai, the taxi-hauling app Didi’s new food delivery platform, shared 9 posters on their official Weibo account on April 13th, claiming that a nationwide launch in site, also verifying earlier rumors of their entrance into nine cities.
Meituan, one of the world’s largest e-commerce platforms of services, announced today that the Company has entered into an agreement to acquire Mobike, one of the world’s largest smart bike-sharing companies.
The annual session of the China Development Forum (CDF) 2018 is taking place from March 24 to 26, 2018, with “China in the New Era” as its theme. Meituan-Dianping CEO Xing Wang presented at the “New Lifestyles in the AI Era” session.