Meituan

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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New Business

Alibaba’s long-awaited China stock link may provide timely boost

Chinese investors finally being able to buy shares of Alibaba Group Holding may provide a much-needed boost for the e-commerce…

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