Rumor: Meituan-Dianping in Talks with Convenience Stores on Partnership, Investment

Tencent Finance, 3/12/18

Chinese online ratings, group buy, and food O2O business Meituan-Dianping's "big retail" business group, formed in December 2017, is reportedly exploring investment and partnership opportunities with convenience store operators, according to online media outlet Tencent Finance. Meituan-Dianping's strategic investments business division told Tencent Finance that the company actively seeks out partnerships with retail enterprises of many kinds.

A source at Meituan-Dianping's new retail business told Tencent that the company's strategic investment business division is currently in touch with several convenience store operators, and that Meituan has proposed a variety of partnership programs including direct investment, equity partnerships, and online traffic support.

Editor's Note: For more information on this topic, please see Update: Meituan-Dianping to Restructure Business Divisions, MD 12/04/17 issue.

Keywords: Internet O2O Meituan-Dianping new retail

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