Tim Culpan, Columnist

When Meituan Stops Chasing Didi It Might Be Profitable

A complete exit from ride hailing would help the bottom line.

September 28, 2018 at 5:52 AM UTC

Tim Culpan is a former Bloomberg Opinion columnist covering technology in Asia. Previously, he was a technology reporter for Bloomberg News.

Meituan’s offerings.
Photographer: Justin Chin/Bloomberg

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Earlier this month, Meituan Dianping Chairman and CEO Wang Xing pledged to curb spending on his ride-hailing business.

Heading into a Hong Kong IPO, Wang probably had a clear idea of what the rest of us can now see for ourselves: Competing with Didi Chuxing was no less than a money-burning proposition.