Meituan

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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New Business

How Alibaba and Meituan are fighting for customers, 1 free drink at a time

Shanghai delivery rider Xie Yu was halfway through his shift on Thursday when he realised he would end up with…

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New Business

Alibaba seeks to reclaim e-commerce dominance in China with cross-service loyalty scheme

Alibaba Group Holding is set to launch a new membership programme spanning a range of services from an online marketplace…

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New Business

JD.com reportedly buys majority stake in Hong Kong’s Kai Bo grocery chain

Chinese e-commerce group JD.com reportedly bought a majority stake in Hong Kong grocery chain Kai Bo, marking the mainland company’s…

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