Chinese on-demand service provider Meituan (HKG:3690) is looking to launch in September or October its overseas food delivery platform KeeTa in Riyadh, Saudi Arabia, National Business Daily reported July 19.
The move followed the Chinese on-demand service provider's launch of KeeTa in Hong Kong in May, according to the report.
Recruitment for the takeout business in Riyadh started in April, with the facilitation of the local business to include marketing, rider training, and restaurant alliances, according to National Business Daily.
Meituan shares rose nearly 3% in recent trade on the Hong Kong bourse.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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