Meituan

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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New Business

Hong Kong stocks rise as Beijing proposes steps to boost state-backed firms’ value

Hong Kong stocks rose as investors cheered the introduction of guidelines to help state-owned companies boost their values and the…

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New Business

Walmart partners with China’s Meituan for 30-minute deliveries ‘anytime, anywhere’

US retail giant Walmart is teaming up with Chinese on-demand delivery giant Meituan, promising speedy door-to-door service on the mainland,…

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New Business

Hong Kong stocks advance as investors gear up for details from China economic meeting

Hong Kong stocks rose as investors awaited details from a key Chinese economic policy meeting that could reveal what measures…

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Tech

Meituan reports robust revenue, profit growth in second quarter on ‘value for money’ approach

China’s largest on-demand service provider Meituan reported on Wednesday a 21 per cent jump in second-quarter revenue, bolstered by steady…

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New Business

China’s embattled restaurants, embroiled in price war, struggle to stay afloat

In Beijing, profits of the catering companies with annual revenues exceeding 2 million yuan (US$280,750) fell to 180 million yuan…

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Tech

China’s own Tesla Optimus? Beijing’s ambitions in humanoid robots in full display at expo

Agibot – founded by Li Zhihui, a Huawei Technologies alumnus who aims to create humanoid robots rivalling Tesla’s Optimus –unveiled…

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