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BUZZBYTE

NEWS PAGE • 1y

Chinese food delivery and lifestyle e-commerce platform Meituan has sold over $200 million worth of its stake in Swiggy to a US-based investor in a secondary deal, according to three sources who spoke to Entrackr. Meituan first invested in the Bengaluru-based firm in 2018 and increased its holding by participating in another round in 2020.

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Announcing Medial’s exclusive partnership with Entrackr! Now you can read all the news by Entrackr on our news feed in full length. No summary, pure coverage in its full length! Happy reading, folks! 🚀🤘🏻

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This Chinese company processes 20x orders than Zomato and Swiggy combined! This is the story of Meituan, a Chinese startup launched by Wang Xing in 2010. Before this, Wang Xing also founded Xiaonei, China’s Facebook clone, which he sold for ove

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