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Posted inNews

Meituan acquisition of Mobike seems a done deal

Last night (03 Apr 2018), Mobike shareholder meeting voted in favor of the Meituan acquisition, The Beijing News has reported (in Chinese). The Chinese group buying site Meituan agrees to acquire the bike rental company Mobike for 35% in equity and 65% in cash, of which $320 million will be used for future liquidity needs. Details […]

Posted inNews

How is Meituan competing against Alibaba, Didi, and Ofo?

Editor’s note: A version of this article by Tingyi Chen first appeared on WalktheChat. WalktheChat specializes in helping foreign organizations access the Chinese market through WeChat, the largest social network on the mainland. Meituan, a company focused on providing lifestyle O2O services, is planning on its IPO aiming to value $60-80 billion.  The company was valued at […]

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