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Meituan

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.

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

18 Sep 2024 - 6:00PM

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

10 Sep 2024 - 5:24PM

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

5 Sep 2024 - 5:00PM

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.

3 Sep 2024 - 9:30PM

Pinduoduo is taking measures to weed out sellers of low-quality or fake products. Photo: SCMP

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.

3 Sep 2024 - 7:00AM

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.

28 Aug 2024 - 8:22PM

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.

16 Aug 2024 - 8:00PM

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.

14 Aug 2024 - 7:00AM

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.

1 Aug 2024 - 5:00PM

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’.

9 Jul 2024 - 8:10PM

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.

4 Jul 2024 - 12:04AM

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.

17 Jun 2024 - 8:08PM

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.

15 Jun 2024 - 8:00AM

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.

14 Jun 2024 - 7:00PMvideocam

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.

6 Jun 2024 - 8:47PM

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.

22 May 2024 - 1:49PMvideocam

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.

8 May 2024 - 9:00AMvideocam

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.

8 May 2024 - 5:27PM

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.

29 Apr 2024 - 5:30PM

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.

26 Apr 2024 - 3:34PM

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.

22 Mar 2024 - 5:52PM

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.

26 Feb 2024 - 7:12PM

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.

29 Jan 2024 - 9:39PM

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.

22 Jan 2024 - 8:00AM

Opinion | How China is making its dream of flying cars, drones and sky cities come true

Policy, financial and infrastructural support is creating a conducive ecosystem for China’s “low altitude economy”, integrating advanced aerial tech into everyday life and urban planning.

19 Jan 2024 - 4:30PMvideocam

An EHang autonomous aerial vehicle conducting a demonstration flight at the Baoan District Low-Altitude Economy Investment Promotion Conference in Shenzhen last year. Photo: Handout

Why a Chinese court recognised the copyright for an AI-generated image

Assigning generative AI content a legal status under certain conditions aims to encourage people to create with new tools, Beijing Internet Court judge Zhu Ge said.

15 Jan 2024 - 7:30PM

The Beijing Internet Court last November ruled that an AI-generated image was an artwork, based on how the creator’s prompts and repeated adjustments came up with a picture that reflected his “aesthetic choice and personalised judgment”. Illustration: Shutterstock

JD.com affiliate Dada Nexus loses 46 per cent of value overnight in US amid inquiry

A routine internal audit at Dada found US$140 million worth of questionable revenue and costs in the firm’s books for the first three quarters of 2023.

9 Jan 2024 - 5:00PM

PDD halts local services development to avoid head-to-head rivalry with Meituan

Chinese Big Tech firms have jostled for supremacy in a local services market expected to be worth 35 trillion yuan by 2025.

4 Jan 2024 - 8:00PM

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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.

last updated:

22 August, 2024