![]() ![]() Such a unit generated $1.9 billion in sales during the September quarter, or about 5% of the e-commerce giant’s total revenues for the period. Catering vendors pay additional fees for delivering meal orders via Meituan’s fleet of couriers, but they can also use other options such as delivering on their own.Įle.me employs a similar mechanism, and it is part of Alibaba’s local consumer services business unit that also includes the likes of grocery shopping and travel booking. To Chinas media professionals, however, it is the place where they can earn millions of. China’s e-CNY app adds WeChat Pay as ‘express payment’ option after Alipay. Key Points Chinese giant Tencent is exploring whether regulators will require it to create a financial holding company to house is fintech business. With functions including messaging, payment and ride-hailing, Tencents WeChat is already a super app. Its total revenues grew 38% to $7.7 billion in that quarter, but the company lowered its outlook for its core food-delivery services due to Covid-19 lockdowns and China’s slowing economic growth.Īnd Meituan used to charge commission rates, which is also called technology service fees, between 10% to 20% of each order generated via its food delivery platform. Released by Chinese web giant Tencent in 2011, WeChat is one of the largest messaging apps in the world. Tencents Weixin Pay Enhances Mobile Payment Experience for Overseas Users Visiting China to Pay Like a Local. Our mission is 'Value for Users, Tech for Good'. The punishment, together with higher marketing costs and investment in newer businesses such as grocery shopping, led Meituan to report a loss of 10 billion yuan($1.6 billion) for the September quarter, reversing from net income of $1.1 billion the same period a year ago. Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. Tencent Holdings’ WeChat Pay e-wallet unit and US payments platform Flywire have streamlined the payments process for Chinese students abroad, making it easier for them to pay their tuition fees. It was fined last October $534 million for violating the country’s anti-trust laws, including pressuring restaurants to sell exclusively on its platforms. WeChat, known as Weixin in China, is a hugely-popular social media tool in China and among overseas Chinese communities, with 1. Shortly after the launch of the app, the Tencent-owned messaging app and payment platform WeChat announced that it. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |