Meituan Archives - Page 18 of 18

Alibaba to Purchase Ele.me and Enter Competitive Chinese Food Delivery Market

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.

Meituan Takeout on Chinese New Year’s Eve: Popular Dinners Cost over $315

During the Spring Festival, Meituan Takeout maintained normal operations and allowed customers to make reservations for Chinese New Year’s Eve dinner.

Meituan Dianping Enters Unmaned Delivery, Recruits for 100 Positions

Meituan Dianping is recruiting for unmanned vehicle delivery and UAV delivery. When recruitment is complete, its unmanned delivery department is expected to reach nearly 200 people.

Take-out Market Breaks 300B Yuan in 2017: Meituan Revenue Exceeds 171B Yuan

Revenue in China’s catering industry exceeded 3.9 trillion yuan in 2017. The Chinese take-away market alone topped 300 billion yuan.

Meituan to Launch Car-Hailing Service in Multiple Cities

After operating a car-hailing service in Nanjing for 10 months, Meituan expanded its service to include Beijing, Shanghai, Chengdu, Hangzhou, Wenzhou, Fuzhou and Xiamen on December 28.

Top 10 Internet Trends in 2017

2017 is coming to an end and it’s time to sum it up. Every year, countless products emerge, occur, change and die. Along with the growth of the Internet, we reviewed ten Internet trends of 2017.

Meituan Arranged Car-Hailing Service and Didi will Try Takeout Delivery Business

Two Chinese online life service giants have stepped into the car-hailing business. Ctrip, a leading provider of travel services, launched car rental business together with Didi, Shouqi Group and AA Car Rent. At the same time, Meituan.com, a Chinese group buying website, launched a taxi service in seven cities.

2017’s Top 10 Unicorn Round-up: 5 from China, 5 from US

2017 has seen the rise and fall of numerous new technologies and business models, stunning and mediocre products, and the rise and collapse of tech giants. At the end of the year, Tencent launched into the Top 10 companies in technology industry.

Cook Invites Wang Xing to Eat Wontons in Shanghai, Recommends Wang Expand Meituan to US

Apple’s CEO Tim Cook has squeezed many new experiences into his schedule while in China. On December 4, Cook and Wang Xing, CEO of Meituan-Dianping, met in Dahuchun, a time-honored restaurant known for its pan-fried buns, after leaving the World Internet Conference in Wuzhen.

Meituan Completed a New Round $4 Billion Financing and Its Valuation Reached $30 Billion

On October 19, Meituan, China’s largest Internet + life service platform, announced that it had completed a new round of financing worth $4 billion and its valuation is expected to reach $30 billion.

Meituan CEO says China has a lot to be learned about entrepreneurship and innovation

On the afternoon of September 4th. at the BRICS Summit, Wang Xing, the Meituan CEO, thinks China’s development and management in the field of Internet, especially the Internet+, has more referential significance to other BRICS countries and developing countries than the United States. Wang said that the integration between the Internet and people’s living level […]

How can takeout delivery riders slow down?

Recently, a figure shows that in Shanghai 76 traffic accidents related with takeout delivery happened in the first half of 2017, with one food-delivery rider injured or dead per 2.5 days on average. Riders involved in such accidents from Ele.me and Meituan both account for 26%. After the media reported this news, safety of food-delivery […]

In China, McDonald’s and KFC are fighting for a larger slice of the domestic pie

After nearly three decades of fighting, the competition between KFC and McDonalds in China is likely to heat up, because of its newly gotten “Chinese” identity. On November 1, 2016, KFC’s parent company Yum! Brands spun off a new company – Yum! China, and was listed on the New York Stock Exchange. Its core business […]

Baidu Takeout will be Sold

After months of seesaw battle, the fate of Baidu Takeout may soon be decided, mostly likely to be taken over by ele.me. Currently, ele.me official responds that they have no comment on it, and Baidu has ambivalent attitude without responding clearly. According to what a core high-ranking figure told touchweb, Baidu Takeout ever negotiated with […]

“Copy to China” Companies that Just Aren’t Fitting In Well

Let’s rewind back to the first 20 years of Internet development in China and talk about its business model. What everyone did back then was “Copy to China”. We essentially brought successful business models from Europe and US to China. For example: Sohu copied Yahoo Tencent copied ICQ Baidu copied Google Taobao copied eBay Meituan […]

After fighting with Baidu, JD.com may join the BAT Group

JD’s (京东）closing price on June 26 was $43.08, raising their total market value to $61.149 billion. They are quickly approaching to Baidu‘s total market value of $61.973 billion at the time, thus threatening the existing group of tech giants BAT: Baidu, Alibaba, and Tencent. In comparison, Baidu is lagging behind the other two in terms […]

Meituan CEO talked about relationships with BAT

The more you try to do, the more enemies you’ll make. Meituan Dianping has learned this lesson through experience. In its early days, the company organized discounted group purchases; later on it became an online movie ticket retailer. Over the years it also tried its hand at takeout, catering and travel services. More recently, Meituan […]

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