Meituan fined $533 million for forced exclusivity
The amount Meituan was fined was lower than analysts expected and also lower than the amount fined to e-commerce giant Alibaba.
Meituan's Q2 revenue up 77% year-over-year to $6.77 billion
Meituan's revenue rose 77 percent year-over-year to RMB 43.76 billion ($6.77 billion) in the second quarter, with a net loss of RMB 3.36 billion.
Meituan launches massive campus recruitment
The recruitment includes 64 job types, including R&D, algorithms, testing, operations, security, product, product operations, design, business analysis, HR and retail.
ByteDance reportedly enters takeaway space to take on Meituan
Douyin, the Chinese version of Byte Dance's TikTok, has recently set up a takeaway business team and has been testing it recently, tech media Tech Planet reported Wednesday.
Meituan raises nearly $400 million from Tencent through share offering
Chinese life service app Meituan has raised nearly $400 million from Tencent in a stock offering to further fuel its business expansion.
Meituan said to plan 60,000 new hires this year to double its workforce
Meituan had 46,000 full-time employees before going public in June 2018, with salespeople making up 61 percent of the workforce.
Analysts expect Meituan to face fines from RMB 4 to 12 billion
Meituan faces a fine range of RMB 4 billion ($616 million) to RMB 12 billion, BOCOM International said in a report Tuesday.
Meituan opens 1.64% lower after anti-monopoly probe
China's State Administration for Market Regulation announced on Monday that it had opened an investigation into Meituan's alleged monopolistic practices such as "forced exclusivity".
Meituan under antitrust probe
Chinese market regulator has opened a case against China's online service super-app Meituan for alleged monopolistic practices including "forced exclusivity".
Meituan plans to raise nearly $10 billion through stock and convertible bond sale
After the move Meituan will have $18 billion in net cash, compared with $17 billion for Pinduoduo, $15.7 billion for and $51.6 billion for Alibaba, Nomura said.