TOPIC
 / company

Meituan

Mainland consumers splurged on travel and dining services provided by major online platforms during the annual break. Photo: Bloomberg

Chinese tech giants from ByteDance to Meituan see rise in ‘golden week’ spending

Major online platforms for dining and travel-booking services recorded increased expenditure by mainland consumers during the annual holiday.

Meituan co-founder cashes out US$44.3 million amid Chinese stock rally

Alibaba waives delivery fees for Hong Kong’s Taobao users in US$142 million plan

6

Meituan riders earn more than the average Beijinger, data shows

A new report by the company portrays gig employment as an alternative for people in between full-time jobs.

A Meituan food delivery courier in Beijing. Photo: Bloomberg

Meituan’s delivery workers earn US$11 billion in 2023, CEO says

CEO Wang Xing’s internal announcement reflects Meituan’s efforts to address mainland policymakers’ concerns over the welfare of gig workers.

China’s Meituan plants flag in Saudi Arabia after Hong Kong debut

The Beijing-based company has introduced its food ordering app Keeta in Al-Kharj, ahead of an expected launch in the capital, Riyadh.

Advertisement
Advertisement

Chinese unicorn Zhipu AI raises new funding from state-backed investor

State-backed investment vehicle Zhongguancun Science City Innovation Development estimates Zhipu AI’s value at around US$2.8 billion.

A crowd gathers at Zhipu AI’s exhibition space during the World Artificial Intelligence Conference in Shanghai. Photo: Zhipu AI

Pinduoduo updates rules to kick out sellers of shoddy products

A PDD executive said in a recent post-earnings call that the company is willing to sacrifice short-term profits for long-term health.

My Take | Beijing’s ‘anti-involution’ stance looks to tame e-commerce sector, price wars

Major online retail platforms are expected to make changes on algorithms, policies and charges that have fanned excessive competition.

Meituan reports strong second quarter growth on popularity of discounted meals

China’s largest on-demand service provider Meituan reported a 21 per cent jump in second-quarter revenue, bolstered by growth in its core local commerce operations.

A food delivery courier for Meituan waits on the side of the road in Beijing, September 1, 2023. Photo: Simon Song

Meituan enables 30-minute delivery of home appliances with Midea

The food delivery giant is tapping into China’s growing on-demand e-commerce market by offering a wider variety of products.

Meituan and Midea have joined forces to offer on-demand delivery services for home appliances. Photo: Shutterstock

ByteDance cracks down on corruption and bribery cases in first half of 2024

About 88 ByteDance employees were sacked, while 17 others were taken into custody by public security authorities for the reported offences.

China’s leading apps, including WeChat and Taobao, test proposed cyber ID system

More than 50 apps recently started accepting virtual IDs created under this proposed authentication system for user account registration and login.

Alipay drives evolution of contactless payments in China with new tap-and-pay service

Alipay expects its Tap! service, which is being rolled out in major cities across mainland China, to ‘expedite in-store mobile payments’.

Alipay’s new Tap! service marks its latest effort to shape the evolution of contactless payments in mainland China. Photo: Shutterstock

Alibaba’s Taobao adds 1-hour delivery short cut in race against ByteDance, JD.com

With on-demand delivery the latest front in China’s e-commerce war, Taobao is using Alibaba’s Ele.me and Freshippo to expand its offerings in the category.

Taobao is expanding its product offerings available for one-hour delivery and adding a hotkey to its homepage to further entice users. Photo: Shutterstock

China’s venture capital ‘godfather’ Neil Shen exits Meituan board

Shen’s departure comes after venture capital firm HongShan had been gradually cutting its stake in Meituan since China’s food delivery services giant debuted in Hong Kong in 2018.

Alibaba, Xiaohongshu boost sales in midyear shopping festival

Alibaba’s midyear shopping promotion has it going head-to-head with younger e-commerce competitors such as Xiaohongshu, China’s answer to Instagram.

Advertisement
Advertisement

Shanghai’s former ‘rust belt’ eyes small tech firms to complete digital economy

Shanghai’s northeastern Yangpu district , which has already attracted Big Tech firms such as Meituan and Bilibili, has set its sights on smaller technology businesses to form an ecosystem for its growing digital economy.

videocam
Once viewed as a ‘rust belt’ with industries like shipbuilding, textiles and power generation at its heart, Yangpu has evolved into an area driven by technology businesses. Photo: Shutterstock

Food delivery giant Meituan’s quarterly revenue rises 25%, beating estimates

Meituan co-founder and chief executive Wang Xing said the company is looking to expand into more international markets, including in Southeast Asia.

China’s Zhipu commits to AI safety in Seoul with 15 others

Along with Meta, OpenAI and Samsung, the companies committed to publishing safety frameworks for measuring risks.

videocam

Chinese unicorn Zhipu AI to launch Sora rival as early as 2024: report

The Beijing-based start-up, dubbed one of the ‘four new AI tigers’ of China, is said to have plans to release ‘high-quality text-to-video tools’ by this year at the earliest.

videocam
Zhipu AI is reportedly planning to release its own text-to-video AI tools as early as this year. Photo: Shutterstock

Meituan’s KeeTa app leads Hong Kong’s food delivery market in March quarter

KeeTa seized a 43 per cent share of the city’s food delivery market by order volume in the first quarter to surpass rival Foodpanda, which had a 37 per cent share in the same period.

KeeTa food delivery app. CREDIT: KeeTa

ByteDance reveals dozens of internal misconduct cases, including bribery

The owner of TikTok and its Chinese sibling Douyin has internally disclosed 61 misconduct cases involving employees who were fired or charged by authorities.

Chinese food-delivery giant Meituan to debut in Saudi Arabia’s capital

Meituan’s foray into Riyadh marks the Beijing-based company’s first overseas expansion amid slowing growth in its home market.

Strong orders in post-pandemic China boost Meituan revenue

Its number of on-demand delivery transactions grew 25 per cent in the fourth quarter, while the company continues to narrow losses from new initiatives.

A food delivery rider for Meituan in Beijing, China. Photo: Simon Song

Meituan, Didi in the spotlight as China stresses gig workers rights

Platforms should send app notifications to remind workers to take a break if they have been working longer than the hours agreed, according to new government guidelines.

Meituan delivery drivers outside a tea shop in Beijing. Photo: AFP

Tencent chairman Pony Ma sets confident tone for internet giant in 2024

The Shenzhen-based internet giant must find new lifelines in its video gaming and social media operations, Ma told employees at the firm’s annual meeting.

China food courier’s ‘millionaire’ status sparks debate amid bleak jobs market

Claims by a Shanghai food courier that he made more than 1 million yuan in three years has offered hope to the unemployed amid China’s sputtering economic recovery and bleak job market outlook.

Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Meituan
Meituan is the largest on-demand delivery-service provider in China by revenue. Its Meituan app is most commonly known for food delivery, but also provides shopping, film tickets, hotel and travel bookings, restaurant reviews, group discounts and bicycle rentals. As of 2022, the company had 6.24 million delivery riders and over 9.3 million merchants.
Chairman / President
Wang Xing
CEO / Managing Director
Wang Xing
CFO / Finance Director
Chen Shaohui
Industry
E-commerce
Website
meituan.com
Headquarters address
No. 4 Wangjing East Road, Chaoyang District, Beijing, China
Stock Code
SEHK:3690
Year founded
2010
last updated:
30 September, 2024
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement