Meituan, Kuaishou enter ‘strategic’ pact to stay in Beijing’s good graces

China’s largest on-demand food delivery firm and the country’s second largest short video operator announced a “strategic partnership” on Monday, the latest sign of attempts by Big Tech to appease Beijing after a tumultuous year of regulatory crackdowns that have pummelled tech stocks.Meituan, which has lost half its value since peaking in February 2021, will open a mini app on the short video platform operated by Kuaishou Technology, the main rival to ByteDance’s Douyin, allowing users to…

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