WebJan 10, 2024 · The Chengxin warehouse for community group buying platform Chengxin Youxuan, owned by Didi Chuxing, in Nanchang, Jiangxi province. Photo: SCMP/ Orange … WebSep 12, 2024 · Chengxin Youxuan, the community group buying business of ride-hailing giant Didi Chuxing, has shut down some of its operations in several mainland cities, resulting in lay-offs amid fierce ...
Didi’s Chengxin Youxuan cuts 60% of its service locations
WebMar 3, 2024 · The platforms are some of the biggest in the sector, and hold “a large share of the group-buy market,” according to regulator. Didi’s Chengxin Youxuan, Pinduoduo’s Duoduo Maicai, Meituan’s Meituan Youxuan, and Alibaba-backed Nicetuan are each subject to a fine of RMB 1.5 million. WebAug 5, 2024 · Chengxin Youxuan has reportedly laid off around 30% of its employees since July. Most laid-off staff were in city management, business development, operations, and logistics and located in central Hunan and … green mountain free coffee mug promotion
Chinese Retail Sector Updates: Latest IPOs, Financing and Growth
WebMar 2, 2024 · Chengxin Youxuan considers $4 billion financing. According to Bloomberg News, Didi Chuxing’s community group-buying service, Chengxin Youxuan, is … WebJun 2, 2024 · Representatives for Meituan Youxuan and Chengxin Youxuan did not respond to Sixth Tone’s requests for comment. The wet market inside Changqing Garden, Wuhan, Hubei province, April 25, 2024. Wu Peiyue for Sixth Tone Price war Stores like Zhang’s are competing against tech giants burning through millions. WebMay 6, 2024 · The discussions around an eventual spinoff occurred in recent weeks as Didi raised fresh funds for the unit, called Chengxin Youxuan, including $1.2 billion from existing investors Citic Private Equity and angel investor Wang Gang. As part of the fundraising, Didi purchased $3 billion in Chengxin’s convertible bonds. Join now to read the full story flying university marie curie