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Wang Xing

China’s venture capital ‘godfather’ Neil Shen exits board of food delivery giant Meituan

by Anas Siddiqui
China’s venture capital ‘godfather’ Neil Shen exits board of food delivery giant Meituan

Shen, 56, retired from that role owing to “other business commitments”, and there is no disagreement between him and the Beijing-based company’s board, according to Meituan’s filing to the Hong …

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Chinese food delivery giant Meituan beats estimates to post 25% quarterly revenue increase

by Anas Siddiqui
Chinese food delivery giant Meituan beats estimates to post 25% quarterly revenue increase

Meituan, China’s biggest on-demand services provider, on Thursday reported a higher-than-expected 25 per cent year-on-year increase in first-quarter revenue, boosted by gains from its core local commerce operations led by …

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Meituan’s KeeTa app leads Hong Kong’s food delivery market by order volume in March quarter, surpassing rival Foodpanda

by Anas Siddiqui
Meituan’s KeeTa app leads Hong Kong’s food delivery market by order volume in March quarter, surpassing rival Foodpanda

The latest milestone achieved by KeeTa shows how Meituan’s first foray outside mainland China has started to pay off, as the company last year saw local consumption recover in its …

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Chinese food-delivery giant Meituan to debut in Saudi Arabia’s capital Riyadh as international expansion quickens

by Walter Watson
Chinese food-delivery giant Meituan to debut in Saudi Arabia’s capital Riyadh as international expansion quickens

The company’s foray into Riyadh will pit Meituan against local rivals including Jahez International Co, Delivery Hero’s Talabat and HungerStation and Uber Technologies-backed Careem. The move comes as Saudi Arabia, …

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Chinese Food-Delivery Billionaire Wang Xing Suffers $6.6 Billion Wealth Plunge As Growth Wanes

by Anas Siddiqui
Chinese Food-Delivery Billionaire Wang Xing Suffers .6 Billion Wealth Plunge As Growth Wanes

Wang Xing, founder and CEO of Meituan. Visual China Group via Getty Images Wang Xing, the founder of Chinese food-delivery giant Meituan, has seen his wealth plunge by a whopping …

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