Meituan
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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".
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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 JD.com and $51.6 billion for Alibaba, Nomura said.
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