Nongfu Spring

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

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD Holdings shares plunged by more than 10 per cent in pre-market trading, despite a 44 per cent rise in…

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New Business

China’s second-richest man demands apology from ByteDance founder over online attacks

China’s second-wealthiest man on Wednesday made a surprise demand that the country’s richest man, founder of ByteDance, apologise for the…

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New Business

Wahaha heiress Kelly Zong Fuli quits Chinese drinks giant 5 months after founder’s death

Kelly Zong Fuli has tendered her resignation as vice-chair and general manager of China’s Hangzhou Wahaha Group, according to an…

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