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The company has engaged in overseas markets including South Korea, Vietnam, Thailand, the Philippines, Singapore and the United Arab Emirates.

Meituan-Dianping is the world’s #4 most valuable startup according to CB Insights.

Do you just jump ship?

After the “intensive investment + Internet business model” strategy hitting the retail industry, it extended to the coffee shop field.

China’s video streaming scene is dominated by three major platforms namely Alibaba-acquired Youku, Tencent’s Tencent Video and Baidu-backed iQiyi.

Plus, Alibaba is in talks to buy a minority stake in Dailyhunt. Dropbox filed for a USD500 million IPO.

Highlights from the past week, as well as something cool for the weekend.

China is the world’s largest EV market and Tesla holds a 3 percent market share.

China’s largest ride-hailing company is planning to buy over one million second-hand vehicles from online car marketplace Renrenche.com.

Momo might be in urgent need of diversifying its revenue sources.