Meituan

New Business

Mooncake sales on the wane as China’s consumers cut back on non-essentials

Early sales of mooncakes – a food traditionally distributed among families, workplaces and other social groups to celebrate China’s Mid-Autumn…

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New Business

Hong Kong stock rally takes a pause as investors gather profits

Hong Kong stocks fell on Friday as investors took profits, especially in high-flying sectors, pausing a recent rally. The Hang…

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New Business

Alibaba’s Amap hits record 360 million users as China’s National Day ‘golden week’ begins

Amap, Alibaba Group Holding’s answer to Google Maps, saw a record 360 million daily users on the first day of…

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New Business

Alibaba leads tech-driven jump in Hong Kong stocks as AI enthusiasm continues

Hong Kong stocks jumped on Thursday after a one-day break, led by technology giants including Alibaba Group Holding, as investors…

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New Business

Alibaba, JD.com, Tencent lead Hong Kong stock advance after China industrial profits jump

Hong Kong stocks rose on Monday after data showed a rebound in China’s industrial profits, easing concerns over corporate earnings…

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New Business

Alibaba-Meituan battle heats up as rivalry expands into in-store dining: report

That new initiative is expected to start on Saturday in selected districts in Shenzhen, Shanghai and Jiaxing, a city in…

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New Business

With new F1-style outfit, Alibaba shows effort to give China e-commerce sector a facelift

Alibaba Group Holding is rolling out a new outfit for its delivery workers that resembles the racing suit for Formula…

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New Business

Hong Kong stocks fall for a third day, hurt by Meituan profit slump, Nvidia outlook

Hong Kong stocks fell on Thursday as the price wars in the food delivery and electric vehicle (EV) sectors and…

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New Business

Alibaba tops Meituan’s China on-demand delivery, fuelled by 1 million cups of tea daily

Orders on Alibaba’s instant commerce channel Taobao Shangou topped 100 million on Thursday, 20 million fewer than Meituan. After Meituan…

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New Business

China urged to curb excessive cash burn, not competition, to fight ‘neijuan’

With e-commerce platforms locked in fierce competition for China’s instant retail market, a prominent Chinese economist has called for government…

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