Airbnb sailed off course before landing its beachhead in China.
The organization behind Airbnb and Reddit cited a change in leadership.
The video conferencing startup has doubled revenues year-over-year since 2017.
Shares in the lifestyle services provider continued to gain during the national holiday, consolidating Meituan’s place as the third-largest internet company in China.
Games have driven transformation in payment, e-commerce, retail, and education.
Of the proceeds, $360 million will be directed to early-stage startups at Series A and Series B.
China’s enterprises are ‘way behind’ their Western counterparts in terms of business management and operations.