China: WeiyangX Fintech Review
China: WeiyangX Fintech Review Meituan to Close its Mutual Aid Platform On January 15 th, China’s leading on-demand food delivery platform Meituan announced that it would close its mutual aid platform at the end of this month. Meituan launched this program in June 2019, providing a basic health plan covering several types of illness where participants could share the risk of being ill and the medical cost. The program has helped 382 patients and attracted 15 million members over the past 18 months. From January 15th to 18th, Meituan will return the mutual aid funds shared by members. ( Sour...
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