Meituan

New Business

China urged to curb ‘neijuan’ by boosting domestic consumption, innovation-led growth

Stimulating consumer demand and encouraging sustainable innovation are vital to China’s efforts to combat excessive competition – termed neijuan in…

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China’s top market regulator summons Alibaba, Meituan, JD.com over delivery price war

China’s State Administration for Market Regulation (SAMR) on Friday summoned major online food delivery platforms – Alibaba Group Holding’s Ele.me,…

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Meituan executive bemoans ‘irrational’ instant-commerce price war with Alibaba, JD.com

A Meituan executive said the company had no choice but to join the latest round of what he called “irrational…

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Alibaba to roll out ‘Super Saturdays’ event as China’s on-demand delivery market heats up

Alibaba Group Holding will roll out a programme called “Super Saturdays” over the next 100 days to lure more consumers…

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Meituan’s daily orders hit record 150 million amid heated battle with JD.com and Alibaba

Meituan, mainland China’s top on-demand delivery giant, said on Sunday that daily orders on its platform have surged to another…

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Alibaba’s US$7 billion subsidy deepens China’s instant e-commerce war with JD.com, Meituan

Alibaba Group Holding’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over…

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Unitree Robotics reaches unicorn status with ByteDance, Alibaba, Tencent funding

Unitree Robotics, a leading player in China’s booming robotics industry, has completed a new round of financing, attracting investment from…

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Beijing’s reform could bring Hong Kong-listed Alibaba, Tencent to Shenzhen: HSBC

Beijing’s latest reform to allow Hong Kong-listed companies to seek secondary listings in Shenzhen could bring mainland China’s most valuable…

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Hong Kong stocks rise as US, China negotiators gear up for trade talks

The Hang Seng Index rose 1.3 per cent to 24,109.48 at 9.55am local time. The Hang Seng Tech Index jumped…

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New Business

China Renaissance hits paydirt after stablecoin issuer Circle’s shares double on debut

China Renaissance, which has funded many leading Chinese technology firms, made another winning bet after shares of stablecoin issuer Circle…

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