Meituan Archives - Pandaily

Meituan’s Rental Service Expands to Over 40 Cities in China, Aiming for Nationwide Coverage by Year’s End

Pandaily — Tue, 20 Aug 2024 17:42:49 +0000

According to insiders, Meituan's rental service is part of Meituan's homestay business, mainly catering to various medium and short-term rental needs such as tourism, business travel projects, and health travel.

Meituan Launches Drone Delivery Service in Beijing with First Route at the Great Wall

Pandaily — Fri, 16 Aug 2024 13:28:31 +0000

On August 16, Meituan Drones launched its first regular drone delivery route at the Badaling Great Wall in Beijing. This service caters to tourists near the landing site, offering essential items and emergency aid.

Meituan Plans to Launch Food Delivery Platform KeeTa in the Middle East

Pandaily — Fri, 26 Apr 2024 10:35:08 +0000

Sources familiar with the matter have disclosed that Meituan is actively working on the launch of its KeeTa application in the Middle East, with Riyadh identified as the first destination.

Meituan Establishes the Platform Product Department

Pandaily — Tue, 19 Mar 2024 02:50:57 +0000

Meituan has set up a new platform product department, and a new design department under the platform product department. This department will gather resources from various design departments such as in-store and home delivery within the company.

Meituan’s Hong Kong Stock Price Falls Below IPO Price

Pandaily — Thu, 18 Jan 2024 09:40:22 +0000

On January 17th, Meituan's Hong Kong stock price fell by 6.97%, closing at HKD 68.75, reaching a new low in the past four years. This price dropped below Meituan's IPO price.

ByteDance in Talks to Acquire Ele.me, Acquisition Denied by Ele.me

Pandaily — Mon, 15 Jan 2024 09:25:46 +0000

ByteDance is reportedly negotiating to acquire Alibaba's food delivery platform Ele.me. Ele.me denied the "rumor" on Monday.

Meituan Launched First Drone Delivery Route in Shanghai’s Yangpu District

Pandaily — Thu, 28 Dec 2023 09:01:04 +0000

Meituan's drone delivery service promises a delivery time of 15 minutes for a distance of 3 kilometres.

NetEase Surpasses Meituan, Becoming the Fourth Largest Internet Company in China by Market Value

Pandaily — Thu, 14 Dec 2023 07:04:55 +0000

On December 14th, NetEase's market value on the Hong Kong Stock Exchange reached HKD 53.06 billion, surpassing Meituan to become the fourth largest internet company in China by market capitalization.

Huawei Partners with Meituan to Develop HarmonyOS Native Applications

Pandaily — Mon, 13 Nov 2023 13:53:51 +0000

On Monday, Huawei announced a comprehensive collaboration with Meituan using HarmonyOS. Huawei will fully back Meituan in launching the development of native applications for HarmonyOS.

Meituan Invests in Galaxy Bot Company

Pandaily — Fri, 27 Oct 2023 06:23:28 +0000

Recently, Galaxy Bot underwent a business change, with the addition of Meituan's subsidiary companies as shareholders.

Meituan Delivery Takes Four Months to Expand From Kowloon to Hong Kong Island

Pandaily — Fri, 22 Sep 2023 09:23:22 +0000

On September 19th, Meituan launched its food delivery service KeeTa in Hong Kong Island.

Meituan’s Logistics Drone Factory Has Started Production in Shenzhen

Pandaily — Tue, 19 Sep 2023 09:38:10 +0000

On September 19th, Meituan officially launched its unmanned aerial vehicle intelligent manufacturing center in Longhua District, Shenzhen.

Meituan and Luxshare Precision Make Debut on Fortune Global 500

Pandaily — Thu, 03 Aug 2023 11:40:55 +0000

Meituan and Luxshare Precision enter the Fortune Global 500 for the first time, while Gree drops out of the list.

Meituan Co-founder and AI Startup Founder Wang Huiwen Steps Down Due to Health Issues

Pandaily — Mon, 26 Jun 2023 02:34:08 +0000

Wang Huiwen, the co-founder of Meituan, China's leading e-commerce platform for services, has stepped down from the company's board of directors due to health reasons.

Meituan’s AI Model in Development, Predicts Major Changes

Pandaily — Mon, 29 May 2023 01:12:18 +0000

During the earnings call, Meituan's founder&CEO, Wang Xing, discussed the latest trends in AI and the company's ongoing development of AI models.

Meituan Launches Food Delivery Brand KeeTa Amid Hong Kong Debut

Pandaily — Mon, 22 May 2023 06:45:19 +0000

Meituan introduced KeeTa, a new food delivery brand as it officially launches in the Hong Kong market

Meituan’s Community Grocery Unit to Conduct New Round of Adjustments

Pandaily — Mon, 15 May 2023 15:04:21 +0000

On May 15, it was reported that Meituan Youxuan, the community e-commerce business unit, will begin a new round of adjustments recently.

Meituan Launches One-stop Enterprise Consumption Management Solution

Pandaily — Fri, 14 Apr 2023 02:55:10 +0000

Chinese food delivery giant Meituan launched "Meituan Enterprise Edition" on April 13, a one-stop service for enterprise consumption management. A new brand image and app were set for the service.

The Entrepreneurial Boom in China Sparked by ChatGPT Welcomes New Members

Pandaily — Thu, 06 Apr 2023 02:58:08 +0000

ChatGPT is sparking an entrepreneurial movement in China, attracting a steady stream of new members. Some of them come from major companies such as Alibaba, Kuaishou, Bytedance, Tencent and others.

Meituan CEO Wang Xing Cuts Holdings in Li Auto

Pandaily — Tue, 04 Apr 2023 04:15:47 +0000

According to a document from the Hong Kong Stock Exchange, Wang Xing, who is the co-founder and CEO of Meituan, a Chinese food delivery company, sold 1.33 million shares of Li Auto over three trading days (March 28-30).

Meituan Launches New Marketing Tools for Food Delivery Business

Pandaily — Wed, 29 Mar 2023 03:42:30 +0000

Shortly after the release of the financial report, Meituan, a Beijing-based e-commerce platform for life services, began to accelerate its efforts. On March 27, Meituan announced that it would introduce several marketing tools for its food delivery business.

Meituan Co-Founder’s AI Startup to Acquire OneFlow Technology

Pandaily — Tue, 28 Mar 2023 03:20:00 +0000

Amidst the ChatGPT frenzy this year, China's artificial intelligence (AI) market witnessed its first acquisition. Lightyear Technology, an AI company founded by Wang Huiwen, the co-founder of Meituan, will acquire Beijing OneFlow Technology, an AI architecture startup.

Pony.ai and Meituan Reach Strategic Cooperation

Pandaily — Thu, 23 Mar 2023 07:51:07 +0000

On March 23rd, Pony.ai announced a strategic cooperation agreement with Meituan to jointly promote the commercial application of its autonomous driving technology in the field of distribution.

Alibaba to Merge Restaurant Review Business into Map App AutoNavi

Pandaily — Thu, 23 Mar 2023 05:34:24 +0000

Chinese e-commerce giant Alibaba plans to merge its restaurant review business (previously known as Koubei) with its AutoNavi map app.

Meituan Co-Founder Wang Huiwen’s Chinese Version of OpenAI Receives Support from Wang Xing

Pandaily — Wed, 08 Mar 2023 09:03:34 +0000

On March 8, Wang Xing, CEO of Meituan, revealed that he would participate in the A round financing of Wang Huiwen's AI startup and serve as a director. Wang Huiwen retired as senior vice-president of the Chinese food delivery company in 2020.

Meituan to Reduce Investment in Ride-Hailing Sector

Pandaily — Tue, 07 Mar 2023 04:59:29 +0000

According to an internal notice circulated by Chinese food delivery giant Meituan on March 6, the company will reduce resources and manpower investment in its online ride-hailing sector.

Meituan Senior Vice President Chen Liang Resigns

Pandaily — Mon, 27 Feb 2023 08:16:31 +0000

Chen Liang, senior vice president of Meituan and member of the S-team, the highest decision-making body, has recently resigned from his position. In fact, in the past year, Chen has gradually faded out of the daily operation and management of the Chinese food delivery giant.

Meituan, ByteDance, and Baidu Launch AIGC Products

Pandaily — Mon, 27 Feb 2023 07:04:46 +0000

TikTok parent company ByteDance, food delivery giant Meituan and tech giant Baidu have recently launched their own AI-generated content (AIGC) products.

AI Startup West Lake Xinchen Searches for CEO to Build Chinese Version of OpenAI

Pandaily — Wed, 22 Feb 2023 04:08:00 +0000

Danny Lan, founder of West Lake Xinchen, an AI service enterprise in China, denied rumors that the company was considering acquisition by Wang Huiwen, one of the first entrepreneurs to aim at creating the Chinese version of OpenAI.

Meituan Strengthens Short Video and Livestream Content to Compete With Douyin

Pandaily — Fri, 17 Feb 2023 06:27:07 +0000

Chinese shopping platform giant Meituan is revamping its short video and livestreaming features in response to competition from Douyin's entry into the take-out field. Douyin is TikTok's sister app in China.

Meituan’s Consumer Finance Company Rumored to Be Established in Shenzhen

Pandaily — Tue, 14 Feb 2023 07:54:50 +0000

Meituan's consumer finance company was recently reported to be established in Shenzhen this year. However, a Meituan representative stated that the company has no clear short-term plan or goal for the specific license application.

Douyin Still Testing Food Delivery Business in Top Chinese Cities

Pandaily — Wed, 08 Feb 2023 03:53:47 +0000

ByteDance's short video app Douyin will reportedly launch food delivery services in all major Chinese cities on March 1, following internal testing in Beijing, Shanghai, and Guangzhou.

ByteDance’s Douyin App Launches Supermarket Business

Pandaily — Sat, 28 Jan 2023 08:16:02 +0000

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

Pandaily — Tue, 17 Jan 2023 02:53:49 +0000

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

Pandaily — Thu, 15 Dec 2022 12:53:23 +0000

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

Pandaily — Tue, 06 Dec 2022 13:07:59 +0000

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

Pandaily — Tue, 06 Dec 2022 09:04:47 +0000

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

Pandaily — Wed, 30 Nov 2022 04:20:32 +0000

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

Pandaily — Thu, 24 Nov 2022 03:15:10 +0000

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

Pandaily — Wed, 16 Nov 2022 12:47:32 +0000

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

Pandaily — Wed, 02 Nov 2022 13:15:00 +0000

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

Pandaily — Mon, 31 Oct 2022 06:47:35 +0000

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?

Pandaily — Wed, 26 Oct 2022 06:37:44 +0000

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

Pandaily — Thu, 13 Oct 2022 07:43:00 +0000

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

Pandaily — Wed, 12 Oct 2022 12:30:00 +0000

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

Pandaily — Sun, 09 Oct 2022 05:24:31 +0000

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

Pandaily — Wed, 21 Sep 2022 05:00:54 +0000

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

Pandaily — Mon, 19 Sep 2022 12:15:20 +0000

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

Pandaily — Fri, 16 Sep 2022 11:36:26 +0000

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

Pandaily — Thu, 15 Sep 2022 12:53:04 +0000

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

Pandaily — Thu, 08 Sep 2022 11:16:21 +0000

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