Wednesday, March 3, 2021
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Tag: Meituan

Meituan Posts 364.6% Profit Growth in Third Quarter of 2020

Online shopping giant Meituan-Dianping has posted a strong performance in the third quarter of 2020 as China's economy continues to convalesce from...

Postal Savings Bank of China Enters Strategic Cooperative Agreement with Meituan to Create “Financial Services Ecosystem”

Big six state-owned lender Postal Savings Bank of China (PSBC) is teaming up with Beijing-based e-commerce giant Meituan to create a "financial...

China’s Street Vendor Economy to Get a Boost from Internet Giants

China's leading internet companies have unveiled measures to help bolster the economic contribution made by street vendors in the wake of the...

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Alibaba and Baidu Win Tender for China’s Online Payments Processing Cloud Platform

Tech giants Alibaba Cloudand Baidu have won the tender for a project involving the cloud platform used to drive China's centralised...

Tech Investments of Chinese Banks Rose 20% in 2020

Chinese banks and insurers gave a major boost to their tech investments in 2020 despite the economic impacts of the COVID-19 pandemic....

Sichuan Province to Issue 11.4B Yuan in Special Bonds to Bolster Capital of 21 Regional Banks

The central Chinese province of Sichuan plans a copious bond issue to provide support to the capital standing of its local banking...

China Leads the World in Billionaires, Adds over 200 in 2020 During COVID-19

China has emerged as the country with the world largest number of billionaires, with over 200 Chinese nationals joining their ranks in...