Meituan

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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New Business

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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New Business

My Take | With ‘instant commerce’, China’s first-world infrastructure faces third-world spending

A new battle in China’s e-commerce war has erupted in the form of “instant commerce”, a combination of online shopping…

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New Business

Hong Kong stocks decline as US-China tariff tensions weigh on market sentiment

Hong Kong stocks fell for the first time in four days on Thursday, as sentiment deteriorated after the US Treasury…

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New Business

China’s ‘involution’ trap is hurting nation’s competitiveness, state media warns

Chinese state media has refreshed its calls for local-level governments and businesses to refrain from unhealthy, exhausting competition that is…

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New Business

JD.com vs Meituan: accusations of monopolistic practices arise in food delivery rivalry

Chinese e-commerce giant JD.com, which launched a food delivery service in February, has publicly accused on-demand delivery giant Meituan of…

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