The company is targeting a valuation of roughly billion, the person said, although the valuation and fundraising target won't be in the initial filing documents. With the first filing in June, the actual listing of Meituan shares is likely around October.
The company launched a power grid construction and upgrading project in poor areas in Xinjiang in March 2018, including the aforementioned villages, in a bid to bring about positive changes in those areas.
The company is hiring 30,000 new employees, including delivery drivers and personal shoppers, to help meet the demand. It is also implementing a series of new measures to ensure the safety of customers.
The company said it also employs better-trained tour guides to ensure clients have a more enjoyable travel experience.
The company signed multiple strategic cooperation agreements on Aug 28 with Guangzhou, the capital of Guangdong province, to build a smart transport system in the city.
The company is keen to support sports activities such as marathon races in countries and regions participating in the Belt and Road Initiative this year. It announced that it has become the official partner of the 2018 Jakarta Asian Games in May.
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The company is also engaged in livestreaming, a popular marketing approach in China by having a dedicated host interact with prospective buyers in real time. Chen said gross merchandise volume generated from such channels could amount to 30 million yuan per month.
The company, which celebrated its 40th birthday last year, had a successful tour in the United States in January, where it gave four performances of Swan Lake at the Lincoln Center.
The company will carry out in-depth strategic cooperation with China FAW Group Corp, the State-owned carmaker, in the fields of self-driving, artificial intelligence and digitalization. It has fully opened Apollo Go Robotaxi, its self-driving taxi service, in Changsha, Hunan province, Cangzhou, Hebei province and Beijing.
The company is working on a new strategy to change its way of selling Alaska seafood only as a commodity in China, and instead wants to bring wild Alaska seafood directly to Chinese consumers via stores or markets to boost the presence of its own brand.