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Wang Xing

Wang Xing
The latest news and updates on Wang Xing, a prominent Chinese internet entrepreneur, best known as the founder and CEO of Meituan, a leading e-commerce service platform. He previously launched several ventures, including social networks like Xiaonei (later Renren) and China’s first microblogging site, Fanfou, demonstrating his persistent entrepreneurial spirit despite early setbacks. Under his leadership since 2010, Meituan has grown from a group-buying site into a dominant on-demand delivery and lifestyle services giant, expanding into areas like food delivery and hotel bookings. His assertive strategies and innovative vision have been key to Meituan’s significant success in China’s competitive tech landscape.
Alibaba

Meituan swings into loss in ‘milk tea’ subsidy war with instant commerce rivals

Hefty subsidies on milk tea and lunchboxes drive Meituan from profit to loss, underscoring the ferocity of the war to reshape food delivery.

King Maha Vajiralongkorn to make first China trip by Thai monarch in 50 years

videocam

Immediate gratification: instant commerce transforms China’s retail market

Instant commerce has developed over a short period of time, as providers expanded their on-demand delivery coverage beyond food.

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