In 2021, Meituan shifted its corporate strategy from “Food + Platform” to “Retail + Technology”, further expanding product and service offerings to the broader retail, connecting with more market participants, and leveraging technology to facilitate advancement across industries, according to Meituan.
Alibaba and Meituan could become a serious threat to each other. For Alibaba, it’s critical for its success in the local services sector with high hopes on Ele.me and Alipay. Lei Wang took on the role of CEO after Alibaba acquired Ele.me at US$9.5 billion in 2018. He then proposed that acquiring 50% of the […]
The top player in China’s on-demand food delivery solution market, with a market share exceeding the total of the next top four combined, Quhuo applied to list their ADSs on the Nasdaq Global Market, under the symbol “QH.”
China’s local lifestyle service market grew by 37.5% to US$232.81bn in 2018. The online food delivery market reached US$20.78 billion market in the fourth quarter of 2018, an increase of 108% year-on-year. The local lifestyle service market totaled 1,575.57 billion yuan (US$232.81 bn) in 2018, up by 37.5% year-on-year. It was forecasted to getting as […]
Meituan Dianping (Meituan), China’s leading e-commerce platform for local lifestyle services updated its IPO prospectus previously filed with Hong Kong Exchanges this month. It plans to issue 480 million shares each priced between HK$60 and HK$72 with a value of at best 34.6 billion yuan (US$5.06 bn) and set to go public on September 20, […]
China’s craft beer market is growing by 40% annually. Find out some main trends of the category. The 2018 FIFA World Cup is well underway in Russia. The timezone difference is much more favorable for Chinese fans compared with previous tournaments, as most games happen during evening prime time in China. It has also become […]
China online food delivery market totaled 67.73 billion yuan in Q4 2017 with an increase of 16.2% QoQ or 81.8% YoY according to data from Analysis.
Three factors contribute to instant noodles rebound in 2017. But the increasing popularity of food delivery apps might push this category back into decline.
With the increasing utility and availability of mobile payment methods, store-based O2O commerce has experienced steady growth, with total sales of US$91.1 billion in 2016, a figure which is projected to reach US$143.6 billion in 2019.
Mobile payment has penetrated into every part of daily life in China such as online shopping, taking a taxi, supermarkets and food delivery in particular. About 70% Chinese internet users have ordered foods in a month and about 70% would pay on mobile according to DCCI. Alipay, WeChat Payment and Baidu Wallet have become the […]