Meituan

Decades of internationalization pays off as UnionPay recognized across world

Retrieved on: 
Thursday, January 18, 2024
Nielsen, Bank of China, Canton Fair, Meituan, Bank, POS, School, Industrialisation, DFS, Ecosystem, QR, UnionPay, Transport, Belt, Payment card

Since the first UnionPay transaction landed in Hong Kong, UnionPay cards have been accepted in 183 countries and regions around the world, among which 99 countries and regions support UnionPay mobile payment products.

Key Points: 
  • Since the first UnionPay transaction landed in Hong Kong, UnionPay cards have been accepted in 183 countries and regions around the world, among which 99 countries and regions support UnionPay mobile payment products.
  • Connected to the UnionPay app Network Payment Platform, commercial bank apps can also directly use UnionPay QR codes in overseas acceptance scenarios.
  • This marked the localization of UnionPay International business and the starting point for exploring payment services for residents around the world.
  • Subsequently, UnionPay International has innovated cooperation models, supporting overseas wallets to bind UnionPay cards or issue UnionPay virtual cards within their apps.

Decades of internationalization pays off as UnionPay recognized across world

Retrieved on: 
Thursday, January 18, 2024
Nielsen, Bank of China, Canton Fair, Meituan, Multimedia, Bank, POS, School, Industrialisation, DFS, Ecosystem, QR, UnionPay, Transport, Belt, Payment card

Since the first UnionPay transaction landed in Hong Kong, UnionPay cards have been accepted in 183 countries and regions around the world, among which 99 countries and regions support UnionPay mobile payment products.

Key Points: 
  • Since the first UnionPay transaction landed in Hong Kong, UnionPay cards have been accepted in 183 countries and regions around the world, among which 99 countries and regions support UnionPay mobile payment products.
  • Connected to the UnionPay app Network Payment Platform, commercial bank apps can also directly use UnionPay QR codes in overseas acceptance scenarios.
  • This marked the localization of UnionPay International business and the starting point for exploring payment services for residents around the world.
  • Subsequently, UnionPay International has innovated cooperation models, supporting overseas wallets to bind UnionPay cards or issue UnionPay virtual cards within their apps.

Meituan Announces Financial Results for the three months ended March 31, 2023

Retrieved on: 
Thursday, May 25, 2023
Operating cost, Allergy, Chinese New Year, CKA, Travel, Drink, Table, Marketing, Pharmacy, Farmer, Season, Flower, Medicine, History, New Year, Local government, EBITDA, Investment, Merchant, CRM, Growth, GTV, Ecosystem, HKG, Everything Now, KA, Women's Day, Galleria Retail Technology Solutions, Farm, Retail, Online shopping, Meituan

HONG KONG, May 25, 2023 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the unaudited consolidated results of the Company for the three months ended March 31, 2023.

Key Points: 
  • HONG KONG, May 25, 2023 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China, today announced the unaudited consolidated results of the Company for the three months ended March 31, 2023.
  • Meanwhile, the operating loss for our New initiatives segment continuously narrowed to RMB5.0 billion for the first quarter of 2023.
  • Meituan CFO Shaohui Chen said, "Meituan delivered strong growth during the quarter, boosted by strong local consumption recovery post reopening and our effective marketing measures.
  • For the full announcement of Meituan for the three months ended March 31, 2023, please visit:

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for March 2023

Retrieved on: 
Thursday, April 13, 2023
Number, Partnership, AIHS, Food delivery, Meituan

CHENGDU, China, April 13, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of March 2023.

Key Points: 
  • CHENGDU, China, April 13, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of March 2023.
  • In March 2023, Senmiao and its affiliates recorded over 0.8 million total completed orders, a 13.3% increase from over 0.7 million total orders completed in February 2023.
  • Since the launch of Senmiao's online ride-hailing platform in October 2020, over 22.1 million rides have been completed using its own platform.
  • The table below presents approximate unaudited operating metrics of Senmiao and its affiliates' online ride-hailing platform since the launch in October 2020.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for February 2023

Retrieved on: 
Friday, March 17, 2023
Partnership, Lunar New Year, 2020 Lunar New Year Idol Star Championships, AIHS, Ridesharing, Food delivery, Meituan

CHENGDU, China, March 17, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of February 2023.

Key Points: 
  • CHENGDU, China, March 17, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of February 2023.
  • Numbers reported since August 2021 include the number of completed orders from Meituan's ride-hailing platform ("the Meituan platform") utilizing Senmiao's network of cars and drivers for a set monthly fee.
  • Since the launch of Senmiao's online ride-hailing platform in October 2020, over 21.6 million rides have been completed using its own platform.
  • The table below presents approximate unaudited operating metrics of Senmiao and its affiliates' online ride-hailing platform since the launch in October 2020.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for January 2023

Retrieved on: 
Thursday, February 9, 2023
AIHS, Lunar New Year, Number, Partnership, Ridesharing, Food delivery, Meituan

CHENGDU, China, Feb. 9, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of January 2023.

Key Points: 
  • CHENGDU, China, Feb. 9, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of January 2023.
  • In January 2023, Senmiao and its affiliates recorded approximately 0.6 million total completed orders, compared to approximately 0.7 million total orders completed in December 2022.
  • Since the launch of Senmiao's online ride-hailing platform in October 2020, over 21.1 million rides have been completed using its own platform.
  • The table below presents approximate unaudited operating metrics of Senmiao and its affiliates' online ride-hailing platform since the launch in October 2020.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for December 2022

Retrieved on: 
Thursday, January 19, 2023
Lifting, Partnership, COVID, Policy, AIHS, Number, COVID-19, Ridesharing company, Food delivery, Meituan

CHENGDU, China, Jan. 19, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of December 2022.

Key Points: 
  • CHENGDU, China, Jan. 19, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of December 2022.
  • In December 2022, Senmiao and its affiliates recorded approximately 0.7 million total completed orders, compared to approximately 0.8 million total orders completed in November 2022.
  • Since the launch of Senmiao's online ride-hailing platform in October 2020, nearly 20.8 million rides have been completed using its own platform.
  • The table below presents approximate unaudited operating metrics of Senmiao and its affiliates' online ride-hailing platform since the launch in October 2020.

Meituan Announces Financial Results for the Three and Six Months Ended June 30, 2022

Retrieved on: 
Friday, August 26, 2022
People, Botswana Hotel Travel & Tourism Workers' Union, RMS, Food, Technology, Top-line growth, Work, EBITDA, City, Awareness, Galleria Retail Technology Solutions, Solution, Meal, Treasury, Economics, Review, Restaurant, PETS, Card Transaction Data, Company, Weather, HKG, Ecosystem, Operating cost, Industry, Environment, COVID, Growth, Marketing, Efficiency, Travel, Video game, Food delivery, Online shopping, Tourism, Airbnb, Core, Q2, Meituan, Omicron

We held cash and cash equivalents of RMB25.5 billion and short-term treasury investments of RMB82.0 billion as of June 30, 2022.

Key Points: 
  • We held cash and cash equivalents of RMB25.5 billion and short-term treasury investments of RMB82.0 billion as of June 30, 2022.
  • "During this quarter, Meituan continued to improve business quality and efficiency, and our various businesses delivered stable operating results in Q2," said Meituan Founder and CEO Xing Wang.
  • Meituan CFO Shaohui Chen said, "The ongoing pandemic has presented continuous challenges to every member of our ecosystem, including ourselves.
  • Meituan has 684.7 million Annual Transacting Users and 9.2 million Annual Active Merchants as of June 30, 2022.

Senmiao Technology Reports Fiscal 2023 First Quarter Financial Results

Retrieved on: 
Monday, August 15, 2022
Cyprus Securities and Exchange Commission, Australian Army Public Relations Service, City, Growth, Private Securities Litigation Reform Act, SEC, Car, Security (finance), Income, COVID-19, Vi Senior Living, AIHS, NASDAQ, Meituan, Advertising, Total, Menachem Youlus, Food delivery, Renting, Ridesharing company, Video game

CHENGDU, China, Aug. 15, 2022 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced financial results for its fiscal 2023 first quarter ended June 30, 2022.

Key Points: 
  • CHENGDU, China, Aug. 15, 2022 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced financial results for its fiscal 2023 first quarter ended June 30, 2022.
  • The financial results from these former VIEs were classified as discontinued operations in the comparative period in 2021, which were previously classified under Automobile Transaction and Related Services.
  • Total revenues from continuing operations were $2.3 million for the first quarter endedJune 30, 2022, compared to $0.4 million in the prior-year period.
  • Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances.

Haomo Raises Hundreds of Millions of Yuan in Series A+ Round

Retrieved on: 
Tuesday, April 12, 2022
Fleet Management, Finance, Automotive, Professional Services, Automotive Manufacturing, General Automotive, Performance & Special Interest, Manufacturing, State, Navigation, No, Meituan, Bank of China, Great Wall Motors, CEO, RMB, HSD, Level 4, Industry, Technology, Bank, TANK 300, COVID-19, Qualcomm Ventures, Series A round, Acceleration, Tank, AI, NOH, Acquisition, Security (finance), Renewable energy, Food delivery

Beijing-based autonomous driving startup Haomo.AI has scored hundreds of millions of RMB in its Series A+ financing round led by Bank of China Group Investment Limited and participated by existing investor Shoucheng Holdings Limited.

Key Points: 
  • Beijing-based autonomous driving startup Haomo.AI has scored hundreds of millions of RMB in its Series A+ financing round led by Bank of China Group Investment Limited and participated by existing investor Shoucheng Holdings Limited.
  • This new round comes less than four months after the company closed its nearly RMB 1 billion Series A round in December last year, which enabled Haomo to turn a unicorn back then.
  • "This round marks a new developmental milestone for Haomo," said Zhang Kai, chairman of Haomo.
  • Since the completion of this Series A+ round, Haomo, which has already counted investors including Meituan, Qualcomm Ventures, GL Ventures, has kicked off its Series B funding round.