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Enterprise-focused Online Food Delivery Site Meican Raises RMB 9-digit Series D+, 5/31/18

Beijing-based Qingsong Meican Technology, operator of enterprise-focused online catering website, announced today the completion of RMB 9-digit Series D+ funding from Sunshine Insurance Group. currently has over 20,000 partnering restaurateurs who are responsible for the delivery of food and drink. Meican collects a commission from orders placed through the site as its business model. Meican earned RMB 9-digits in operating revenue in 2017. The company is currently expanding to more consumption areas and niche markets for enterprise-focused online catering.

Editor's Note: Meican, established in 2011, provides services such as employee meals, event catering, team building, and business banquets for thousands of corporate clients in major cities throughout China. Its platform integrates varied scenarios such as online takeout ordering for employees, on-site sales, in-store spending, and expense reimbursement. In particular, the company provides employee dining and spending solutions for mid- to large-sized enterprises of 2,000 employees or more. For more information on this topic, please see Enterprise-focused Online Food Delivery Site Meican Raises Series D Funding, MD 8/03/17 issue.

Keywords: VC Internet funding Series D catering Sunshine Insurance Qingsong Meican


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