Meituan

The VC firm distributed over USD 1 billion in cash returns to limited partners in 2019.

China’s developments in farm management tech, online grocery delivery, B2B procurement, and unmanned stores show a broader trend of modernization in the food economy.

Businesses who put Meituan’s power banks in their shops will get more online exposure from the food delivery giant.

As of April 3, the virus has infected 82,804 people in total and caused 3,331 deaths in China. More than 76,000 patients have recovered from the disease.

Meituan made total revenues of USD 4 billion in the fourth quarter of 2019, representing a 42.2% year-on-year increase.

The move is due to “business adjustment” and will take effect since May 31.

Qingzhu was first incubated inside Meituan Dianping but went solo in January 2019 as a separate company.

The platform hopes to launch 1,000 courses in the next three years and reach more than 10 million workers.