Months after it landed a major $550 million investment from Google, China’s JD.com — the country’s second highest-profile investor behind Alibaba — has teamed up with another U.S. tech giant: Intel. JD and Intel said today that they will set up a “lab” focused on bringing internet-of-things technology into the retail process. That could include […]
View More China’s JD.com teams up with Intel to develop ‘smart’ retail experiencesCategory: online-to-offline
Meituan-Dianping’s IPO off to a good start as shares climb 7% on debut
Meituan-Dianping (3690.HK) enjoyed a strong debut today in Hong Kong, a sign that investors are confident in the Tencent-backed company’s prospects despite its cash-burning growth strategy, heavy competition and a sluggish Hong Kong stock market. During morning trading, Meituan’s shares reached a high of HKD$73.85 (about $9.41), a 7% increase over its initial public offering […]
View More Meituan-Dianping’s IPO off to a good start as shares climb 7% on debutTaiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to do
“Instant booking” apps that let tourists sign up for activities on very short notice have been in the news a lot lately, partly because of Klook’s new unicorn status, but also because of the proliferation of startups in the space, especially in Asia. With so many instant booking apps, are there any niches left to […]
View More Taiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to doMeituan, the Tencent-backed “one-stop super app,” files for IPO in Hong Kong
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 Kong