May 27, 2017 9:16 AM ET

Internet and Direct Marketing Retail

Company Overview of China Internet Plus Group

Company Overview

China Internet Plus Group develops and operates a platform providing online group buying services. The company operates a social commerce Website, which offers online group discounts for movie tickets, restaurants, entertainment, and health/fitness sectors. The company was formerly known as Meituan Group, Inc. and changed its name to China Internet Plus Group in December 2015. The company was founded in 2002 and is headquartered in Beijing, China.

Floor 12

Beichentaiyue Plaza

Beiyuan Road

Chaoyang District

Beijing,  100107

China

Founded in 2002

Phone:

86 40 0660 5335

Key Executives for China Internet Plus Group

Chief Executive Officer and Co-founder
Compensation as of Fiscal Year 2016.

China Internet Plus Group Key Developments

Alibaba To Reportedly Sell Stake In China Internet Plus Group

Alibaba Group Holding Limited (NYSE:BABA) is planning to sell its stake in China Internet Plus Group at a discount, as per sources.

Alibaba Said To Sell Off Meituan.Com, Dinaping.Com Shares

Alibaba Group Holding Limited (NYSE:BABA) is reportedly seeking sale of China Internet Plus Group (Meituan.com) and Shanghai Han Tao Information Consultation Co. Ltd. (Dianping.com) to a investor consortium. Foreign media quoted person in the know saying that Alibaba has reached agreement with an investor consortium, selling off held shares in China Internet Plus Group (Meituan.com) and Shanghai Han Tao Information Consultation Co. Ltd. (Dianping.com) for $900 million. Reporters contacted with Alibaba, which made no comment.

Ele.me Merger Talks With Meituan.com Fell Apart

Ele.me was in merger talks with Meituan.com, but those fell apart, Bloomberg News said.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 18, 2016
--
Merger/Acquisition
May 28, 2016
Tianjin Maoyan Culture Media Co., Ltd
 

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