Meituan

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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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New Business

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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New Business

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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New Business

Opinion | Why China’s problem of cutthroat competition demands the world’s attention

When Joseph Schumpeter coined the term “creative destruction”, he might not have realised just how destructive unrestrained competition could be.…

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New Business

Alibaba touts rapid growth in fast-delivery service in heated race with Meituan, JD.com

Chinese e-commerce giants Alibaba Group Holding, Meituan and JD.com are intensifying their costly rivalry in the on-demand fast-delivery sector, with…

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China’s regulators must act quickly to stamp out price wars: People’s Daily

China’s Communist Party mouthpiece has run an editorial arguing that regulators must act decisively to prevent the spread of vicious…

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New Business

China, US sign duelling deals after agreeing to trade war truce

China and the United States have agreed to a temporary, partial truce in their unprecedented trade war, but their heated…

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New Business

China’s Meituan to bring Keeta food delivery service to Brazil after Saudi Arabia launch

Chinese on-demand service giant Meituan has signed a US$1 billion deal to expand its Keeta food delivery platform to Brazil,…

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New Business

Starbucks, Luckin get buzz from smaller-city coffee sales in China

As coffee chains in China struggle with a bitter combination of sluggish consumption and cutthroat pricing, Starbucks and Luckin Coffee…

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