Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Venerated Literary Translator Xu Yuanchong Dies at Age 100
Apple Touch-Screen Supplier Biel Crystal Plans Second Bite at Hong Kong Listing
Stop Annoying China With Spam Texts, E-Commerce Giants Told
Baidu Partners With Automaker BAIC on New Apollo Robotaxi
Trending in China: Wanda Tycoon’s Son Accused of Harassing a Woman for Four Years
Used Gadget Specialist Aihuishou Aims for $261 Million IPO
Retail Giant Suning’s Founder Has Shares Frozen Amid Cash Crunch
ByteDance Seeks to Monetize Its Recommendation Tech With Launch of Volcano Engine
Alibaba Developing Self-Driving Trucks With Logistics Arm Cainiao
Chinese LGBTQ Dating App Owner BlueCity Derives 80% of First-Quarter Revenue From Livestreaming
Huawei Opens Cybersecurity Center in South China to Share Best Practices
Hanson Robotics Launches Social Robot Prototype for Health Care
Geek+ Wins Contract from Hong Kong's Circle K to Deploy Depot Robots
Two Tesla Models Among China's Three Best-Selling Electric Cars in May
Xiaomi, Meituan Co-Lead New Funding Round for Lidar Developer Hesai
Dating Apps Operator Momo Reports Revenue and Profit Down as Paying Users Shrink
CATL and BYD in Talks with Apple for EV Battery Supply
Trending in China: Beijinger’s Tirade Against ‘Stinky’ Migrant Sparks Condemnation
Delivery Platform Dada Losses Swell Despite Healthy Revenue Growth
Xiaomi, Vivo and Oppo Sold One-Third of the World’s Smartphones in First Quarter
Meituan Launches Fund to Boost Research Into Low-Carbon Technology

Ding Yi / Jun 07, 2021 07:30 PM / Business & Tech

Beijing-based lifestyle service and food delivery giant Meituan has launched a fund to boost the research and application of green technology, as China pledges to reach peak carbon emissions by 2030 and reach carbon neutrality by 2060.

Meituan will initially inject 500 million yuan ($78 million) into the Meituan Green Tech Fund, which will be used to finance scientists’ research on fundamental low-carbon technology as well as support demonstration projects designed to encourage the technology’s application in packaging, recycling and smart supply chain operations, Meituan said in a statement on Friday.

Meituan also said that it plans to launch a so-called “carbon account” that merchants on its platform and users can use to record their carbon footprints as reflected in the number of recycled packaging and nondisposable tableware they use.

Friday’s announcement comes a day after Meituan’s billionaire founder Wang Xing unveiled plans to transfer $2.2 billion worth of his company holdings into a separate charitable fund that will focus on areas such as education and scientific research.

Contact reporter Ding Yi ( and editor Heather Mowbray (

Related: Meituan Chief Wang Xing Joins China’s Growing Ranks of Philanthropists


Share this article
Open WeChat and scan the QR code