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MEITUAN-W to Pour RMB10B in Full Rider Protection System Over Next 5 Yrs
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MEITUAN-W (03690.HK) recently held the fifth anniversary story-sharing event of the "Tongzhou Plan" in Beijing, where it announced that it would invest RMB10 billion over the next five years to build a more comprehensive rider protection system, focusing on "work experience", "career development", and "life care", Chinese media reported.

Meituan purportedly launched "rider apartments" in Beijing, Shenzhen, and Chongqing, providing riders with cost-effective and safe housing. Addressing the family protection needs of riders, Meituan will extend the critical illness care fund protection from riders and their children to spouses and parents, and expand the "Baby Kangaroo" public welfare program to cover riders' children.

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