Meituan Dianping’s total revenues increased by 70.1% year-over-year to RMB19.2 billion in Q1 2019 from RMB11.3 billion in Q1 2018 and decreased by 3.2% quarter-over-quarter from RMB19.8 billion.
WeChat is testing a new feature allowing users to find nearby restaurants according to Yiou News. This feature locates on the top level menu, in parallel with WeChat Moments, People Nearby, Mini-Programs, etc.
Meituan Dianping (Meituan), China’s leading e-commerce platform for local lifestyle services that went public in Hong Kong on September 20, 2018, announced its total revenue surged by 97.2% year-on-year to 19.1 billion yuan (US$2.75 bn) in Q3 2018. Annual Transacting Users increased by 30.3% to 382.3 million as of September 2018. On average, the annual […]
Despite the continuous weak growth and even decline in smartphone sales in China, major domestic mobile phone manufacturers still set a “big leap” of shipping target in H1 2015. Although foreign brands iPhone and Samsung still held a large market share, domestic brands as Huawei, Lenovo, Xiaomi and TCL etc. all set their phone sales […]
Since first half of 2013, China popular group buying websites like Nuomi.com, Meituan.com and 55tuan.com all expanded business in lower tier cities in China. Their market share now shows an increasing gap from other group buying websites who are still making efforts in tier-1 and tier-2 cities.
Tencent launched its WeChat 5.2.1 on March 21, 2014, increased a new feature for Dianping, a Cragslist like Chinese review website. It has been over a month since Tencent bought 20% of stake in Dianping, the market guessed wildly about how WeChat could drive its traffic to Dianping without compromising user experience.
According to a report released by Dianping, a Yelp like top review website in China, tier two and three cities’ mobile internet growth speed surpassed tier one cities for the first time.It also showed that mobile consumers had become more localized and personalized, the need for services kept growing. Dianping’s mobile life report in 2013 […]