Saturday, November 9, 2024

Meituan

China’s Meituan grapples with $82 Billion market cap drop as competition heats up and food delivery stalls

News
Since the beginning of 2023, Meituan, the leading Chinese food delivery platform, has experienced a substantial drop of $82 billion in market capitalization. Investor apprehensions have grown due to increased competition and a warning from the...

Fantuan secures $40 Million in funding to deliver authentic Asian cuisine globally

News
When individuals relocate from China to other countries, one aspect they often long for is the convenience offered by food delivery applications. Over the last nine years, Fantuan, a company based in Vancouver, has dedicated itself...

Chinese delivery giant Meituan eyes major expansion with potential acquisition of Foodpanda

News
Meituan, the prominent Chinese delivery company, is reportedly considering the possibility of acquiring the Foodpanda delivery business in Southeast Asia. This move is part...

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