Comment on Chinese Group-buy Service Meituan Reportedly Has Raised $300M and Poached Baidu Exec by Meituan Confirms US$700M Funding Round at US$7B Valuation - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-09-01 00:00:00

Ms. Shen is now senior vice president at Meituan, according to the report. Meituan’s current COO, Gan Jiawei, was vice president at Chinese e-commerce giant Alibaba Group before joining Meituan. Meituan’s major competitors in group-buying are Tencent-backed Dianping and Baidu-backed Nuomi (Nuomi is part of Baidu’d location-based services Ms. Shen Li previously oversaw). Apart from the group-buying app, Meituan also operates a movie ticketing app, a food delivery app and enterprise-facing WiFi router program. Prior to that Sequoia Capital invested US$10 million in it in the second half of 2010, according to reports in Chinese media.