Meituan

New Business

China’s Ele.me joins Meituan, JD.com in vowing welfare coverage for armies of riders

In quick succession, three major online platforms in China – JD.com, Meituan and Ele.me – have unveiled plans to provide…

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New Business

Hong Kong stocks rise on Goldman’s DeepSeek-led upgrade, Beijing tech meeting

Hong Kong stocks jumped on Monday towards a five-month high after Goldman Sachs raised its targets for Chinese equities, betting…

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New Business

Hong Kong stocks nudge upwards, on track for biggest week since October

Hong Kong stocks advanced on Friday, boosted by tech names, coming close to reclaiming an October peak even as some…

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New Business

Ex-JPMorgan executive, Hong Kong entrepreneurs launch GenAI-powered logistics platform

A former JPMorgan banker has joined forces with two Hong Kong entrepreneurs to launch NEXX Global, a smart logistics technology…

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New Business

China’s Lunar New Year travellers try to outsmart algorithms for cheaper fares

The Lunar New Year holiday is among the priciest time to travel in China, but this year, Chinese internet user…

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New Business

Shanghai issues more consumption vouchers after shock fall in retail sales

Shanghai has announced plans to issue another round of consumption vouchers, as the Chinese metropolis tries to reverse a downturn…

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New Business

Hong Kong stocks waver on manufacturing wobble as China vows more support for economy

Hong Kong stocks slipped, erasing an earlier advance, after reports showed growth in Chinese manufacturing lost momentum last month, suggesting…

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New Business

China’s tech giants vow to fix algorithm issues amid government crackdown

Major Chinese internet platforms have vowed to improve their algorithms, after the mainland’s internet watchdog launched a campaign to address…

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New Business

Meituan to end late delivery penalty amid regulatory crackdown on algorithm misuse

Chinese food delivery giant Meituan will phase out a late delivery penalty in 2025 amid a crack down by regulators…

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New Business

China’s food delivery platforms enforce breaks for riders clocking more gig economy hours

China’s two major on-demand delivery service providers, Meituan and Ele.me, have introduced new features that alert or forcibly log out…

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