Chinese Meituan to Raise USD 2 Billion in Debt, Partly for “Refinancing” The five-year bonds carry a yearly interest rate of 2.125% while the ten-year notes pay 3.05%, indicating the company’s capabilities to borrow at lower costs outside the Chinese mainland, where the 5-year benchmark lending rate is set at about 4.75%.
China’s Food Supply Chain Company Lehe Food Raised Hundreds of Millions of Yuan in a Series B+ Round Funding Led by Longzhu Capital of Meituan Established in 2006, Lehe Food is committed to building a comprehensive commercial chain of the food industry to provide customers with safe, cheap food whose quality is guaranteed.
Meituan Testing the Waters for Drones and Robots in Food Delivery Services Meituan’s chief scientist and managing director of its automated delivery business, Mr. Xia Huaxia, disclosed on the World Artificial Intelligence Conference 2019 that human-machine collaboration would become the new normal in the food delivery industry.
EV Developer Lixiang Automotive Raised $530 Million in a Series C Round Funding Led by the Founder of Meituan Wangxing EV developer Lixiang Automotive raised $530 million in a series C round funding led by the Meituan’s founder Wangxing and followed by its previous stakeholders including Bluerun Venture Capital.
VC firm behind ByteDance and Meituan raises new funds Source Code Capital, the venture capital firm behind several Chinese tech unicorns, has announced the completion of a new fundraising round that yielded USD 570 million. Source Code Capital, the venture capital firm behind several Chinese tech unicorns, has announced the completion of a new fundraising round that yielded USD 570 million.
Margin Reserved by Hong Kong Brokerages for the Meituan IPO Has Been Unattended It is reported that the margin reserved by Hong Kong brokerages for the Meituan IPO has been unattended and has not been booked. Related sources said the recent poor market conditions and Meituan's continued losses over the past few years had affected retail investors' desire to enter the market.