Meituan, a top Chinese e-commerce platform specializing in home delivery and life services, established the Meituan Academy of Robotics Shenzhen (MARS) in the southern province of Guangdong on November 29.
Suning.com and its logistics subsidiary became involved in a bankruptcy review case on November 21, triggering rumors about the e-commerce platform that has been struggling with a persistent debt crisis. This report was later officially denied by the company.
On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.
Wang Xing, chairman and CEO of Meituan, and Mu Rongjun, executive director, both no longer shareholders of Shanghai Tutuan Technology Co., Ltd., the main operator of Meituan's online ride-hailing business.
Since the beginning of this year, micro-lenders under five Chinese internet giants, namely Tencent, ByteDance, Baidu, Meituan and JD.com, have been successfully approved to issue ABSs amounting to 39.33 billion yuan ($5.4 billion).
Chinese food delivery giant Meituan was reportedly preparing a new project for the Hong Kong market, and a recent recruitment notice has indirectly verified the rumor that it is about to explore Hong Kong's food delivery market.
On October 11, Meituan Select, a community group buying platform under Chinese tech firm Meituan, adjusted its brand positioning to a "supermarket with next-day delivery services."
On October 12, Tencent’s share price fell below HK$250, hitting a new low since November 2018. It fell more than 60% from its historical high at the beginning of 2021 and now only has a market value of only HK$2.43 trillion.
Meituan's on-demand delivery business unit is preparing to enter the Hong Kong market, and it is currently recruiting staff.
Reports have emerged recently claiming that Tencent Holdings is considering a reduction of its shares in Meituan, Beike, Didi and other companies, in order to provide funds for its stock repurchase and new business ventures.
Meituan, a leading local life services platform in China, on September 18 attended the 2022 World Intelligent Connected Vehicles Conference (WICV), where it unveiled a new generation of automatic distribution vehicles.
Meituan Taxi, the ride-hailing unit of Chinese local life services giant Meituan, on September 15 joined Tencent's travel service platform on WeChat for operations in Shanghai.
On September 13, the topic of "Li Auto's President cashed out over 90 million yuan ($12.9 million)" aroused a firestorm of debate in China.
On September 8, with the end of Apple's new product launch event, Meituan, a local life service platform, announced that it will continue to work with local Apple authorized stores throughtout China.
Meituan, a Beijing-based e-commerce platform that provides local life services, is now quietly laying out operations involving power batteries for the upstream new energy vehicle industry.
After Tencent clarified rumors that it will sell all or most of its shares in Meituan, there are now market reports that the Shenzhen-based tech giant plans to reduce its stock investments in listed companies by 100 billion yuan ($14.49 billion) this year.
News emerged on August 31 that "Tuanhaohuo", a B2C e-commerce business group of Meituan has been placed under the community group buying division, and the original organizational structure of Tuanhaohuo is still retained.
Petal Travel, a car-hailing platform launched by Huawei in July this year, is planning a new expansion. It is also negotiating full access with another ride-hailing platform, T3 Go.
Meituan, China’s leading e-commerce platform for services, saw its revenues increase by 16.4% to 50.9 billion yuan ($7.42 billion) in the second quarter of the year, according to its financial report released on August 26.
Chinese food delivery giant Meituan's e-commerce business has recently been merged with the company's community group buying business, Meituan Select.