Meituan

The move is due to “business adjustment” and will take effect since May 31.

Qingzhu was first incubated inside Meituan Dianping but went solo in January 2019 as a separate company.

The platform hopes to launch 1,000 courses in the next three years and reach more than 10 million workers.

New retail, enterprise services, artificial intelligence, and capital management are other sectors included in the partnership.

And bikes have become a preferable commute choice for workers to avoid crowds.

Existing shareholder Hidden Hill Capital also participated in this round.

ByteDance’s Jinri Toutiao is becoming one of China’s many super apps, which include WeChat and Meituan.

More than 90% of physical bookstores had almost no revenue in February.