After months of speculation, Meituan, the largest service booking app in China, confirmed that it has filed for a public offering. The company’s IPO application was submitted to the Hong Kong stock exchange earlier today and is being sponsored by Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch. A spokesperson for Meituan said […]
View More Meituan, the Tencent-backed “one-stop super app,” files for IPO in Hong KongCategory: Meituan
Indian food delivery startup Swiggy raises $210M at a $1.3B valuation
India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicorn club. The investment is led by existing backer Naspers, the media conglomerate famous for an early bet on Tencent in China, and new investor DST […]
View More Indian food delivery startup Swiggy raises $210M at a $1.3B valuationInsurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-Jek
German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an investment. The money comes from Allianz X, the firm’s digital investment arm, which confirmed it put in $35 million in what is its first deal in Southeast Asia. The […]
View More Insurance giant Allianz confirms $35M investment in Asian ride-sharing unicorn Go-JekChina’s Didi Chuxing confirms it has launched a food delivery business
Amid plenty of speculation, China’s ride-hailing leader Didi Chuxing has officially entered the food delivery space. The company, which acquired Uber’s China-based business in 2016, confirmed today it is running a pilot food delivery service in Wuxi, a city in southern Jiangsu province, with a view to expanding further. The service began on April 1, and Didi […]
View More China’s Didi Chuxing confirms it has launched a food delivery business