Searching for "Wang Huiwen"
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Wang Xing, CEO of Chinese online ratings, group buy, and food O2O business Meituan-Dianping, recently revealed that the company plans to set up a new RMB 3 bln Meituan-Dianping Industry Fund, which will be led by Chen Shaohui, a senior vice president at Meituan-Dianping. Read More
Chinese group buy site Meituan today announced its latest sales figures, with revenue reaching RMB 440 mln in June, with local group buy sales accounting for 96% (RMB 420 mln). Read More
Responding to recent reports that employees had falsified sales figures, Chinese group buy site Meituan revealed sales figures for 2012 today showing transaction volumes of RMB 360 mln in May, a month in which the company returned RMB 38.47 in refunds to customers, or roughly 10% of sales, giving Meituan a gross profit margin of between 8% and 10%. Read More
China's State Administration of Radio, Film and Television (SARFT) has issued regulatory guidance proposing movie ticket prices for theater members and groups may not be offered at less than 70% of the listed price, prompting group buy websites to call on SARFT to rationally assess group buy deals on movie tickets. Read More
Seven of China's top 10 group buy sites are now laying off employees in an attempt to survive a slow winter retail season, according to an industry source. Read More
Chinese group buy site Meituan will be cautious in its expansion to new cities in H2 2011, said VP Wang Huiwen, citing potential management and customer satisfaction issues if Meituan expands too rapidly. Read More
Chinese group buy site Meituan has appointed Yao Juntao as the new GM of its Shanghai channel. Read More
Chinese group-buy site Meituan recently closed experimental branches in four fourth-tier cities and transferred the branch managers to nearby cities with greater consumer spending power. Read More