Chinese local services giant ai Meituanliaotechcrunch Dianping raises
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What is ai meituanliaotechcrunch Dianping?
Dianping is one of the largest Chinese local services giants, with over 500 million active users. The company primarily provides online services including transportation, food delivery, and shopping. In March of this year, ai meituanliaotechcrunch Dianping announced that it had raised $1.5 billion in a Series D round of funding. The new investment brings the total amount raised by the company to $2.8 billion.
The new investment will be used to expand the company’s offerings and capacity. Specifically, the money will be used to build new transportation platforms, increase the number of food delivery vehicles, and develop artificial intelligence (AI) capabilities. In addition, the company plans to use the funds to create new jobs in China and overseas.
ai meituanliaotechcrunch Dianping is one of China’s most successful companies and its latest investment confirms that it is among the country’s leading technology firms. The money raised will help the company grow faster and become even more valuable for its customers and shareholders alike
What are the company’s main services?
ai meituanliaotechcrunch Dianping is a Chinese local services giant that provides an online-based platform for customers to find, compare, and purchase services. The company has over 270 million active users and operates in more than 200 cities in China. While the core product is used to find and purchase services, ai meituanliaotechcrunch also offers a range of other services including transportation, food delivery, and home services.
One of the company’s most well-known products is its search engine, Dianping. The search engine is used to find businesses and services across China. It offers real-time listings for both businesses and individual services with detailed results that include photos and reviews from previous customers.
In addition to its search engine, ai meituanliaotechcrunch has several other platforms that it uses to market its products to consumers. These platforms include social media (especially Weibo), offline channels like brick-and-mortar stores, and marketing campaigns targeted at specific demographics or regions of China.
ai meituanliaotechcrunch has also been expanding into new markets outside of China in recent years. In 2018, the company acquired India’s largest online food delivery platform Zomato for $2 billion USD. The goal was to expand into new markets outside of China while also benefiting from Zomato’s already-established customer base there.
ai meituanliaotechcrunch also sells
How big is the company?
Dianping is China’s largest local services platform and it has over 500 million active users. It was founded in 2007 and has since become one of the country’s most valuable tech companies. The company has a market cap of $34 billion and employs over 370,000 people. It operates in sectors including food delivery, transportation, hotels, and others.
What are the company’s investors and backers?
Dianping, the Chinese local services giant valued at $35 billion, has raised $3.7 billion in new funding, valuing it at a whopping $50 billion. The round was led by Tencent Holdings with participation from other large investors such as Alibaba Group and Baidu.
ai meituanliaotechcrunch notes that this round of funding values Dianping above Uber which is currently valued at around $40 billion. This new cash will be used to fuel its growth in areas such as food delivery and commerce. Additionally, the company plans to use the funds to invest in artificial intelligence (AI) and mobile payments.
How did the company perform in 2018?
In 2018, Chinese local services giant ai meituanliaotechcrunch Dianping raised US$2.5 billion in a Series D funding round led by Dragoneer Investment Group and Foxconn Technology Group. With this infusion of capital, the company will be able to expand its offerings and compete with bigger players such as Alibaba Group Holding and Tencent Holdings.
ai meituanliaotechcrunch Dianping is China’s largest consumer-to-consumer marketplace with over 215 million active users. The company generated revenue of US$11.06 billion in 2018, up 32% year on year. In terms of market share, it ranked first in China during the fourth quarter of 2018, dethroning Alibaba Group Holding’s Taobao Marketplace.
ai meituanliaotechcrunch Dianping is using its latest funding to invest in artificial intelligence (AI), machine learning (ML), and other cutting-edge technologies. It also plans to launch new services such as ride-hailing and agriculture product delivery.
Overall, ai meituanliaotechcrunch Dianping performed well in 2018, with growing revenues and market share both domestically and internationally. This investment will help the company further solidify its position as China’s leading e-commerce platform
What are the company’s plans for 2019 and 2020?
In 2019, the company plans to continue its aggressive expansion in the global market with a focus on Southeast Asia, South America, and other global regions. It is also investing in artificial intelligence and other cutting-edge technologies.
In 2020, it plans to focus on developing new services for users and expanding its reach into new markets. It also aims to increase efficiency and scale by investing in artificial intelligence and data analytics.
China’s second-largest local services giant, ai meituanliaotechcrunch Dianping, has raised $3.5 billion in Series C funding, valuing the company at $51.1 billion. The round was co-led by Tencent Holdings and Warburg Pincus with participation from existing investors including Alibaba Group Holding and SAIF Partners. This follows a $6.4 billion Series B investment in 2018 that made ai meituanliaotechcrunch one of China’s most well-funded startups.