Meituan

New Business

Ex-JPMorgan executive, Hong Kong entrepreneurs launch GenAI-powered logistics platform

A former JPMorgan banker has joined forces with two Hong Kong entrepreneurs to launch NEXX Global, a smart logistics technology…

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New Business

China’s Lunar New Year travellers try to outsmart algorithms for cheaper fares

The Lunar New Year holiday is among the priciest time to travel in China, but this year, Chinese internet user…

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New Business

Shanghai issues more consumption vouchers after shock fall in retail sales

Shanghai has announced plans to issue another round of consumption vouchers, as the Chinese metropolis tries to reverse a downturn…

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New Business

Hong Kong stocks waver on manufacturing wobble as China vows more support for economy

Hong Kong stocks slipped, erasing an earlier advance, after reports showed growth in Chinese manufacturing lost momentum last month, suggesting…

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New Business

China’s tech giants vow to fix algorithm issues amid government crackdown

Major Chinese internet platforms have vowed to improve their algorithms, after the mainland’s internet watchdog launched a campaign to address…

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New Business

Meituan to end late delivery penalty amid regulatory crackdown on algorithm misuse

Chinese food delivery giant Meituan will phase out a late delivery penalty in 2025 amid a crack down by regulators…

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New Business

China’s food delivery platforms enforce breaks for riders clocking more gig economy hours

China’s two major on-demand delivery service providers, Meituan and Ele.me, have introduced new features that alert or forcibly log out…

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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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