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Corporate News 17 Sep 2018 | 1:23 AM

As its trading debut looms, China's Meituan locked in battle of super-apps

BEIJING/SHANGHAI: Meituan Dianping, which raised US$4.2 billion (3.2 billion pounds) in its Hong Kong IPO, is one of China's super-apps, with 340 million users ordering groceries, paying bills, renting bikes and booking hotels - but it is far from alone

Business 05 Apr 2018 | 12:00 AM

Tencent-backed Meituan close to US$3bil funding

HONG KONG: Meituan Dianping, China’s largest group-buying and restaurant reviews service, is said to be close to finalising a deal to raise at least US$3bil from investors including Capital Group, according to people familiar with the matter.

TECH 15 Jan 2019 | 7:03 AM

Chinese food-delivery giant Meituan prepares gaming foray despite government concerns about youth addiction

Meituan co-founder Wang Huiwen said in a WeChat posting that he’s ‘just giving it a try, don’t overthink about it’.

Corporate News 29 Aug 2018 | 12:00 AM

Meituan Dianping to draw Tencent to US$4bil-plus IPO

HONG KONG: Meituan Dianping, the Chinese restaurant review and delivery giant, has started gauging investor demand for a planned Hong Kong initial public offering (IPO), people with knowledge of the matter said.

Business 04 Aug 2017 | 12:00 AM

Meituan funding a reminder shallow moats are no defence

GROUP buying is still hip in China. Or that's what Meituan Dianping and its investors must believe.

Corporate News 07 Nov 2017 | 6:46 AM

China’s Meituan-Dianping mulls US IPO of at least US$3b in 2018

HONG KONG: China’s Meituan-Dianping, an online platform for ordering food and booking movies and restaurants, is considering an initial public offering in the United States as soon as next year, five people with knowledge of the matter told Reuters.

TECH 04 Apr 2018 | 9:10 AM

Tencent-backed Meituan buys China bike-sharing leader Mobike: reports

Chinese online services giant Meituan Dianping will acquire leading shared-bike company Mobike for more than US$3bil (RM11.59bil), multiple reports said on April 4, escalating a turf battle between some of the world’s biggest Internet companies.

Business 05 Sep 2018 | 12:00 AM

Meituan takes orders for US$4.4bil IPO

But food delivery giant warns there is no certainty it would ever become profitable

Corporate News 21 Sep 2018 | 12:00 AM

Meituan up 5% on debut in positive signal for HK IPOs

Counter is valued at US$55bil after strong first-day showing

e-Commerce 25 Jul 2018 | 12:00 AM

Alibaba’s Ele.me to spend US$443mil to fight Meituan

HONG KONG: Alibaba Group Holding Ltd’s food delivery platform Ele.me plans to spend 3 billion yuan (US$443mil) this quarter trying to wrest customers from Meituan Dianping.