Meituan

China’s grocery group-buying sector is gaining steam as the pandemic is boosting demand.

Latecomers have to be able to endure large-scale losses, says Haitong’s Natalie Wu.

Jack Ma’s retirement marks a new era for the country’s innovators.

The sale will generate nearly USD 2 billion in net proceeds, half of the USD 4 billion the company raised in its IPO in September 2018.

Meituan first released livestreaming features in April, allowing tourist sites to introduce themselves to potential visitors amid the COVID-19 pandemic.

Tmall Supermarket could improve its delivery efficiency powered by Ele.me’s extensive network of delivery riders.

The move is Meituan’s second foray into China’s RMB 5 trillion (USD 733 billion) fresh food retailing industry.

This is the first time that a hotel chain operator in China has opened an online booking channel on Pinduoduo, which mainly sells groceries.