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Meituan has successfully initiated its first drone delivery route in Zhejiang, connecting a commercial plaza to Dongshan Village. This new route significantly reduces the delivery distance from 12 kilometers to just 5.3 kilometers, allowing for a delivery time of approximately 20 minutes. This deve...
Meituan Waimai has announced that it will offer restaurant merchants throughout China complimentary access to an AI store manager. This innovative tool is designed to diagnose operational issues, conduct store inspections, manage menus, and assist new outlets while tracking performance results. The...
Meituan has made two significant investments, with a notable focus on a Suzhou-based 'little giant' company that has successfully secured an additional 1 billion yuan in financing. This funding is crucial for the company's growth and innovation in its sector. The importance of this investment lies...
FAIRINO, a Chinese collaborative robot manufacturer, has successfully completed its Series D financing round, led by Meituan. This funding follows a previous Series C+ round also led by Meituan’s Long-Z investment arm, with both rounds collectively raising nearly RMB 1 billion to support the company...
Meituan has established a low-altitude delivery network in Shanghai's West Bund, marking the launch of China's first dedicated drone-delivery route for a restaurant brand in collaboration with McDonald's. This innovative network connects multiple venues in the West Bund area and currently features n...
In April 2023, Tsinghua University's assistant professor Xu Huazhe co-founded a home robotics company called 'Kuaike Robotics,' which recently secured significant angel funding. On July 21, Liu Shuo, former head of drone commercialization at Meituan, joined Kuaike Robotics to lead its commercial ope...
Chinese internet companies are increasingly investing in robotics, deploying technologies such as robotaxis, delivery drones, and warehouse robots. This strategic move into the physical world is aimed at enhancing their logistics and service capabilities. The expansion into robotics is significant...
StepFun, a Shanghai-based AI unicorn, has introduced the STEPX Neo, an innovative phone equipped with the agent-native Step AOS and Amoo agent. This device integrates over 10 major platforms, including Alipay, Meituan, Didi, and Baidu, enabling autonomous task execution across applications. The lau...
SiliconFlow, an AI token supply platform supported by major companies such as Huawei, Alibaba, and Meituan, has submitted its application for an initial public offering (IPO) in Hong Kong. This move comes amid ongoing financial challenges, including negative gross margins and increasing losses. The...
Alibaba's Hema SuperheSuan NB has launched six new stores in Beijing, coinciding with Meituan's opening of seven Happy Monkey stores in various cities. This simultaneous expansion marks a significant intensification of competition in the hard discount retail sector. Both companies are vying for mark...
Meituan, the Chinese food-delivery giant, is poised to benefit significantly from its investments in emerging technologies, particularly in the rapidly growing artificial intelligence sector, including a stake in Zhipu AI. This development comes at a crucial time for the company, which reported an a...
AtomBite.AI, a company specializing in embodied intelligence, has secured a multi-million dollar seed funding round led by InnoTech Venture Capital, with participation from the Tsinghua Alumni Seed Fund and notable individual investors. This funding will primarily support the development of embodied...
Unitree Robotics has achieved a significant milestone by receiving approval from the listing committee for its initial public offering (IPO) on China's STAR Market. This rapid approval, completed in just 73 days since the application was accepted on March 20, sets a new record for the speed of listi...
In the third quarter of 2025, Meituan reported a staggering operating loss of 19.8 billion yuan ($2.7 billion), marking its largest loss since going public. This significant downturn is attributed to intense competition in China's food delivery sector, which has driven companies to engage in heavy s...
Meituan has expanded its drone delivery services to nighttime operations, marking a significant shift from its previous daytime-only model. The company, which initiated regular drone deliveries in 2021, has successfully completed over 600,000 orders, achieving an average delivery time of approximate...
Meituan, a prominent Chinese food delivery platform, experienced a significant stock decline of over 4% on July 31, reaching a two-week low. This drop was triggered by the major shareholder Prosus, which discreetly sold approximately $250 million worth of its shares. Following this transaction, Pros...
On July 18, China’s State Administration for Market Regulation (SAMR) convened discussions with major food delivery platforms Meituan, Ele.me, and JD.com amid an ongoing subsidy war in the industry. The regulatory body emphasized the importance of adhering to e-commerce regulations, anti-unfair comp...
Square Robot, a Chinese robotics company, has successfully completed a Series A funding round, securing several hundred million yuan with Meituan Strategic Investment as the lead investor. Announced today, the funding will be directed towards enhancing the development of the company's end-to-end emb...
Meituan, a leading on-demand delivery service in China, has achieved a significant milestone with its self-developed fourth-generation drone, which has recently passed a review by the Civil Aviation Administration of China (CAAC). This approval grants Meituan the first nationwide operating certifica...
Chinese media outlet Shixiang reports that Meituan is set to implement its 2025 strategy, dubbed “Big OP,” which prioritizes the integration of artificial intelligence (AI) as a core component of its business model. This strategic shift, spearheaded by CEO Wang, also aims to expand the company’s pre...
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