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.
Chinese consumers commonly order takeout with Meituan and hail rides with Didi. Yet, the two seemingly unrelated apps will start to compete with each other. Meituan will unveil ridesharing service on March 21 in Shanghai, while Didi will finalize preparations for the launch of its takeout business.
Chinese e-commerce giant Alibaba is planning to take over food delivery platform Ele.me for $9.5 billion. While Alibaba and ele.me have both declined to comment on “market rumors”, an Alibaba executive confirmed this news to the media without disclosing further details.
During the Spring Festival, Meituan Takeout maintained normal operations and allowed customers to make reservations for Chinese New Year’s Eve dinner.