BEIJING (Reuters) – China’s largest provider of on-demand services Meituan-Dianping, backed by Tencent Holdings Group Ltd (0700.HK), said it planned to invest heavily in offline retail services in a strategy that will pitch it directly against China’s top e-commerce firms.

Meituan-Dianping has more than $ 3 billion remaining from a $ 3.3 billion funding round in early 2016, and has no plans for an initial public offering before completing setting up infrastructure for services including offline retail, VP of strategy Shaohui Chen told Reut…
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