Meituan raises USD 10B in the capital market
To support the development of new business areas such as community group buying, Meituan has raised an additional USD 10 billion in cash. The company now has cash reserves of more than USD 18 billion, which is more than its direct competitors like Pinduoduo and JD. Alibaba alone has more cash available in this segment of eCommerce. The share price has increased after the announcement, and the news is therefore received positively.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
Related companies：
Briefing Jun 22, 2022 05:19 PM
· Technology
Shanghai headquarters of the central bank: Shanghai enterprises' exchange rate risk management has achieved positive results
In-depth
Consumer Staples
China’s Plastic Pollution Crusade and the Booming Food Delivery Market
It is not a secret that plastic pollution has posed a steep challenge for decades. In recent years, a plastic crisis was increasingly prompted by a surge in demand for plastic consumer staples driven by e-commerce and food delivery services. China has unleashed a robust kick against plastic waste – but some problems persist.
Feb 21, 2022 11:15 PM
Dec 11, 2023 08:49 PM
Research
AutomotiveFinancing and Investment Activities in China's Mobility Industry From 2012 to 2022
Oct 07, 2022 09:33 AM
Jun 29, 2021 11:48 PM
Dec 09, 2020 02:51 PM
Briefing May 10, 2022 01:55 PM
TSMC: the consolidated revenue in April was about NT $172.561 billion, a year-on-year increase of 55%
Consumer Staples
Meituan Experienced a Nearly 40% Surge in Delivery Order in Beijing
During the May Holiday, China’s largest online delivery platform Meituan witnessed a rise in catering orders compared with the same period last year. The order numbers rose more than 40% compared to the previous day in Beijing.
May 03, 2022 12:00 PM
Consumer Staples
China’s State Planner Imposed Regulatory Rules On Online Food Ordering Platform
On February 18, 2022, China’s National Development and Reform Commission (NDRC), issued a set of rules to help struggling restaurants to recover from the pandemic. The online food delivery platforms have been hammered and over-reacted in response to lower service fees of restaurants.
Feb 23, 2022 11:54 PM
See more
Read next
Insight
In-depth
Insight
In-depth