Meituan

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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New Business

Meituan launches 30-minute delivery services for home appliances in China in Midea deal

Chinese food delivery giant Meituan has partnered with Midea, one of the world’s largest home appliances makers, to enable app…

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Tech

ByteDance cracks down on corruption, bribery amid 125 cases reported in first half of 2024

The hardline stance by the world’s largest unicorn shows the lengths it is taking to retain and attract talent, as…

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New Business

China’s winter sports push heats up as experience economy gathers pace with indoor skiing

Average temperature reached record highs in China in July, but Shenzhen’s indoor ski resorts offered a stark contrast to the…

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