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MEITUAN-W Raises Support Fund Amt to Quality Small-/ Medium-sized Merchants to RMB10K/ Mth
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Meituan continued to invest “real money” in food delivery support fund to encourage innovation and development of high-quality catering merchants. Shanghai Securities News learned from MEITUAN-W (03690.HK) that, following the release of RMB1 billion cash support fund to merchants, MEITUAN-W has continued to provide booster fund support to high-quality catering merchants through innovative products such as "Magic Snatcher" (literal translation of "神搶手") at the beginning of April. It is reported that the “Magic Snatcher” innovative product support fund is expected to cover more than 10,000 chain catering brands and 200,000 small and medium-sized merchants, and the monthly support fund for brands with outstanding business performance can reach RMB500,000, with the monthly support fund for quality small and medium-sized merchant stores being as high as RMB10,000. AAStocks Financial News |
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