Meituan

iiMedia Research: China's food delivery market reached $208B in 2023, 2.3x the size in 2020; Meituan and Ele.me employ over 10M gig workers combined (Takashi Kawakami/Nikkei Asia)

March 3, 2024

[ad_1] Takashi Kawakami / Nikkei Asia: iiMedia Research: China’s food delivery market reached $208B in 2023, 2.3x the size in…

Business

China Renaissance shares plunge more than 20% after it says founder Bao Fan is missing

February 17, 2023

[ad_1] Bao Fan, founder and chief executive officer of China Renaissance, speaks at a conference in California in 2016. Bloomberg…

Meituan plans to hire as many as 10K people this quarter as the company tries to fend off ByteDance's expanding delivery efforts in China; the stock drops 6%+ (Bloomberg)

February 8, 2023

[ad_1] Bloomberg: Meituan plans to hire as many as 10K people this quarter as the company tries to fend off…

Meituan reports Q3 revenue up 28.2% YoY to ~$8.7B and ~$170M in profit, as its "core local commerce" segment, including food delivery and hotels, rose 24.6% YoY (Jane Zhang/Bloomberg)

November 25, 2022

[ad_1] Jane Zhang / Bloomberg: Meituan reports Q3 revenue up 28.2% YoY to ~$8.7B and ~$170M in profit, as its…

Tencent reports Q3 revenue down 2% YoY to ~$19.8B, below ~$20B estimates, and plans to distribute most of its ~$20B Meituan stake to shareholders as a dividend (Josh Ye/Reuters)

November 16, 2022

[ad_1] Josh Ye / Reuters: Tencent reports Q3 revenue down 2% YoY to ~$19.8B, below ~$20B estimates, and plans to…

Sources: China's central bank struggles to get Tencent, Meituan, and others to share user data with state credit scoring companies before the December deadline (Sun Yu/Financial Times)

November 4, 2022

[ad_1] Sun Yu / Financial Times: Sources: China’s central bank struggles to get Tencent, Meituan, and others to share user…

Meituan reports Q2 revenue up 16% YoY to ~$7.4B and a ~$163.5M net loss, as its "core local commerce" business, including food delivery, rose 9.2% YoY (Bloomberg)

August 26, 2022

[ad_1] Bloomberg: Meituan reports Q2 revenue up 16% YoY to ~$7.4B and a ~$163.5M net loss, as its “core local…

Tencent says a Reuters report that the company plans to sell all or much of its $24B stake in Chinese food delivery company Meituan "is not accurate" (Bloomberg)

August 18, 2022

[ad_1] Bloomberg: Tencent says a Reuters report that the company plans to sell all or much of its $24B stake…

China's VisionNav Robotics, which makes autonomous forklifts and other logistics robots, raises a ~$76M Series C extension led by Meituan and 5Y Capital (Rita Liao/TechCrunch)

April 29, 2022

[ad_1] Rita Liao / TechCrunch: China’s VisionNav Robotics, which makes autonomous forklifts and other logistics robots, raises a ~$76M Series…

Sources: Meituan plans to lay off ~10%-20% of staff from its core business units after announcing that it added a net 17K jobs from July 2021 to mid-March 2022 (Coco Feng/South China Morning Post)

April 11, 2022

[ad_1] Coco Feng / South China Morning Post: Sources: Meituan plans to lay off ~10%-20% of staff from its core…