Berlin’s data protection commissioner is investigating car and bike-rental companies for violations of GDPR.
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 […]
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 […]
Meituan’s current valuation according to international investors is between $40 billion and $60 billion.
Chinese food delivery and life services platform Meituan Dianping filed for an initial public offering (IPO) in Hong Kong on June 25. The IPO is jointly sponsored by three Wall Street banks, including Goldman Sachs, Morgan Stanley, and Bank of America Merrill Lynch. The company is reportedly seeking over $4 billion in the IPO, although […]
Meituan has brought optimism among investors after disappointing performances of other Chinese tech stocks.
China’s massive O2O platform Meituan Dianping is a company that defies categorization. As the company’s founder and CEO Wang Xing once said, it’s hard for them to compare to any other company. Once known as the Chinese equivalents of Groupon and Yelp, Meituan and Dianping merged in 2015 to become a company that sells movie […]
China’s ride-hailing industry has been facing turbulent times but it’s not just about overcoming Didi.