Li Shubin will become head of the Meituan app division, a key position for driving growth for the parent company.
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Briefing: Tencent bets on AI assistant to boost WeChat growth
The company has been casting its eye to enterprise and emerging smart connected devices.
Posted inHeavy Hitters
Didi raises $1 billion in push for 100 million daily trips
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.
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Meituan is shuttering its cloud business
Chinese food delivery and services platform Meituan Dianping is shutting down its public cloud service in order to retain focus on its core businesses. Why it matters: Halting its cloud computing services is a major pullback in Meituan’s expansion into enterprise tech, a trend which has formed the basis of many recent moves by competitors including […]
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Ofo said to complete a new round of financing led by Didi and Ant Financial
The news of ofo’s E2-2 round comes amid rumors of acquisition by Didi Chuxing.
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From bad Tsinghua student to Meituan second in command
As Meituan CEO Wang Xing’s right hand man—and college best friend—announces his retirement, TechNode takes a close look back at his career.
Posted inHeavy Hitters
ofo’s US fire sale is another spoke in China’s rental-bike wheel
Cash-strapped Ofo could try wheeling its business down another path.
