Tag: $Meituan

Apple veteran’s Chinese smart-glasses firm becomes unicorn as Tencent, Meituan fund rival to Meta

A Chinese smart-glasses maker founded by an Apple veteran has become a unicorn after a funding round with investors including Meituan and Tencent.

Alibaba Bids $1.5 Billion for China Grocer in Fight With Meituan

Alibaba Group Holding Ltd. is offering $1.5 billion to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from Meituan in online commerce.