Meituan is retrenching the transporting service
Posted On November 16, 2018
Meituan transport department released a statement on the 15th about withdrawing the carpooling business from a county in Sichuan, and clarified that there would be no further expansion in the short term. Tainted by the two murder cases related to Didi, the car-hailing services in China are appearing less promising and are forced to face crucial challenges. Meituan’s retrenchment demonstrates its need to resort to a more moderate expansion strategy after its stock market listing.