Meituan Archives - Pandaily

ByteDance’s Douyin App Launches Supermarket Business

Chinese users from all over the country can now access online supermarket shopping services on ByteDance's short video app Douyin.

Meituan’s Delivery Drones Completed Over 100K Orders Last Year

Chinese local services giant Meituan on January 16 unveiled data regarding its drone delivery business, following two years of normal trial operations. By the end of 2022, the cumulative orders of Meituan's delivery drones had exceeded 120,000.

Meituan Launches Normal Operation of Drones for Food Delivery in Shanghai

Chinese food delivery and local service company Meituan launched its first normalized route of drones at a UAV (unmanned aerial vehicle) Base in Jinshan District, Shanghai on December 15.

Meituan Invests in Sodium-Ion Battery Developer Chaona New Energy

Beijing-based life services e-commerce platform, Meituan, had one of its subsidiaries invested in Huzhou Chaona New Energy, with a shareholding ratio of 10%.

Douyin Cooperates With Three Delivery Platforms for Group Purchase Distribution

On December 5, a coalition of delivery platforms including Dada, SF Express' intra-city delivery unit and FlashEx announced that they had reached cooperation with ByteDance's Douyin to provide intra-city distribution solutions for food and beverage enterprises.

Meituan Establishes “MARS” Robotics Research Academy in Shenzhen

Meituan, a top Chinese e-commerce platform specializing in home delivery and life services, established the Meituan Academy of Robotics Shenzhen (MARS) in the southern province of Guangdong on November 29.

Debt-Ridden Chinese E-Commerce Firm Suning.com Denies Bankruptcy

Suning.com and its logistics subsidiary became involved in a bankruptcy review case on November 21, triggering rumors about the e-commerce platform that has been struggling with a persistent debt crisis. This report was later officially denied by the company.

Tencent Distributes Meituan Shareholding Worth of $20B

On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.

Meituan CEO No Longer Directly Hold Shares in Company’s Ride-Hailing Business Operator

Wang Xing, chairman and CEO of Meituan, and Mu Rongjun, executive director, both no longer shareholders of Shanghai Tutuan Technology Co., Ltd., the main operator of Meituan's online ride-hailing business.

Micro-Lenders Under JD.com, ByteDance, Meituan and Others Accelerate ABS Issuance

Since the beginning of this year, micro-lenders under five Chinese internet giants, namely Tencent, ByteDance, Baidu, Meituan and JD.com, have been successfully approved to issue ABSs amounting to 39.33 billion yuan ($5.4 billion).

What Will Meituan Face When Entering Hong Kong’s Food Delivery Market?

Chinese food delivery giant Meituan was reportedly preparing a new project for the Hong Kong market, and a recent recruitment notice has indirectly verified the rumor that it is about to explore Hong Kong's food delivery market.

Meituan’s Community Group Buying Platform Shifts Into Next-Day Supermarket Delivery Service

On October 11, Meituan Select, a community group buying platform under Chinese tech firm Meituan, adjusted its brand positioning to a "supermarket with next-day delivery services."

Tencent Share Price Falls Below HK$250, A New Low

On October 12, Tencent’s share price fell below HK$250, hitting a new low since November 2018. It fell more than 60% from its historical high at the beginning of 2021 and now only has a market value of only HK$2.43 trillion.

Meituan to Expand On-Demand Delivery Services to Hong Kong

Meituan's on-demand delivery business unit is preparing to enter the Hong Kong market, and it is currently recruiting staff.

Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi

Reports have emerged recently claiming that Tencent Holdings is considering a reduction of its shares in Meituan, Beike, Didi and other companies, in order to provide funds for its stock repurchase and new business ventures.

Meituan VP: Automated Driving to Enter Large-Scale Operations in Three Steps

Meituan, a leading local life services platform in China, on September 18 attended the 2022 World Intelligent Connected Vehicles Conference (WICV), where it unveiled a new generation of automatic distribution vehicles.

Meituan Taxi Joins Tencent’s Ride-Hailing Services Platform

Meituan Taxi, the ride-hailing unit of Chinese local life services giant Meituan, on September 15 joined Tencent's travel service platform on WeChat for operations in Shanghai.

Meituan CEO Wang Xing and Li Auto Senior Executive Sell Shares, Ignites Discussion

On September 13, the topic of "Li Auto's President cashed out over 90 million yuan ($12.9 million)" aroused a firestorm of debate in China.

Meituan Cooperates With Over 1,100 Apple Authorized Stores in China

On September 8, with the end of Apple's new product launch event, Meituan, a local life service platform, announced that it will continue to work with local Apple authorized stores throughtout China.

Meituan Invests in Power Batteries, Exploring Smart Car Field

Meituan, a Beijing-based e-commerce platform that provides local life services, is now quietly laying out operations involving power batteries for the upstream new energy vehicle industry.

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