Meituan, China’s ‘everything app,’ walks away from bike sharing and ride hailing
A major player in the race to transport Chinese people around is losing steam. Meituan Dianping, the Tencent-backed, all-encompassing platform for local services, continues to put the brakes on bike-sharing and ride-hailing, the company said on its earnings call on Thursday. The eight-year-old firm is best known for competing with Alibaba-owned Ele.me in food deliveries … Continue reading Meituan, China’s ‘everything app,’ walks away from bike sharing and ride hailing
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