Representatives of the Central Bank pointed out that even if approved, the loans will be far smaller than the 4 billion and 5 billion yuan sought by the companies.
More than 300 companies have applied for loans from local banks in Beijing in recent days, totaling at least 57.4 billion yuan.
Ever since the coronavirus outbreak, multiple delivery platforms in China have now proceeded with contactless delivery services.
Meituan Dianping's co-founder and Senior Vice-President Wang Huiwen will retire from his management role as of December 2020.
In Episode 58 of Tech Buzz China, our first episode of the new decade, co-hosts Rui Ma and Ying-Ying Lu talk about grocery e-commerce, or buying fresh food over the internet.
Dock-less cycle-sharing group Mobike, owned by Meituan Dianping, announced that nearly 190,000 users had reported destruction and misuse of bikes through the app in 2019.
On December 22, 2019, a Meituan food deliveryman attacked a supermarket employee with a knife in a shopping mall in Wuhan.
Shen Peng, founder and CEO of Shuidichou, a Chinese medical treatment crowdfunding platform, apologized on Weibo for the company’s aggressive tactics to promote its services in hospitals.
Meituan Dianping selected over 4,700 stores from 31 cities in 19 countries and included them in two lists titled “2019 Reputable Restaurants” and “2019 Popular Brands”.
Meituan-Dianping’s quarterly revenue reached 27.5 billion yuan ($3.9 billion), while the total transaction amount increased by 33.6% year-on-year to 194.6 billion yuan ($27.5 billion).
Out of a total of 494 global unicorns, categorized by a valuation of over $1 billion, 206 were Chinese, compared to 203 from the United States, according to the latest Hurun Report on unicorn companies.
Meituan-Dianping, China’s king of food delivery and lifestyle services introduced a new service succinctly named Meituan Voice in cooperation with the Chinese Association of the Blind.
The valuation makes Meituan the third largest listed Internet company in China following Alibaba ($428.3 billion) and Tencent ($394.3 billion).
In Meituan Dianping’s earnings announcement last week, the company said profit increased to 875.8 million yuan ($123.66 million) in the three months ending June 30.
Bloomberg has reported that Alibaba will choose China International Capital Corp. and Credit Suisse Group AG to lead the share sale for their Hong Kong offering.
Meituan added 10 cities to its ride-hailing pilot project. The "aggregation mode" allows users to call a taxi on different platforms with one click. New cities include Qingdao, Wuxi, Taiyuan, Dongguan, Foshan, Fuzhou, Xiamen, Beijing, Dalian and Harbin.
Whether you are a traveler or expat in China, there are a few apps you’ll need to get to enhance your experience in China. We've compiled a list of 10 apps you must download before going to China.
Not long after Chinese bike-sharing start-up Ofo withered away, its longtime rival Mobike has begun to withdraw from overseas markets.
China's online food delivery-to-ticketing company Meituan Dianping reported a total loss of 115 billion yuan in last year, and an 11 billion yuan operating loss, dropping down by 190 percent compared to that of 2017.
Chinese on-demand service platform Meituan-Dianping overthrows Apple as the world's most innovative company according to a recent ranking of American business magazine Fast Company.