World’s No 4 unicorn Meituan to launch ride-hailing services in multiple mainland Chinese cities in direct competition with market giant Didi Chuxing
Meituan Dianping, one of China’s most valuable private tech firms, is gearing up to challenge the monopoly of ride hailing giant Didi Chuxing, a move almost certain to trigger a new price war.
Beijing-based Meituan, known as the Chinese Yelp for its online-to-offline business model offering services from restaurant reviews, food delivery, movie ticketing and travel bookings, is expected to launch a national expansion of its ride-hailing business after debuting the service in Nanjing city in December, according to a Meituan employee familiar with the plans who asked not to be named because the discussions are private.