Chinese stocks pop as Beijing vows more measures…
A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China.Yan Daming | Visual China Group | Getty…
Browsing Tag
Meituan
Meituan takes a leaf out of new rival Douyin’s…
As ByteDance’s Douyin pushes into the local delivery market, dominant player Meituan has taken a page from Douyin’s…
Chinese ride-hailing giant Didi narrows losses…
Didi recorded a net loss of US$166 million in the first quarter, a significant improvement from its US$2.3 billion…
Alibaba’s Ele.me platform extends welfare…
Alibaba-backed food delivery service Ele.me has committed to bringing more social security and welfare benefits to…
China’s powerful economy planner praises…
The National Development and Reform Commission’s high-profile endorsement marks a sharp contrast to Beijing’s…
Chinese food delivery giant Meituan’s co-founder…
Meituan co-founder Wang Huiwen’s resignation marks one of the latest in a series of senior executive reshuffles at…
China’s drone industry crosses US$14-billion…
That growth underscores the industry’s resilience in the face of US trade sanctions, which included the…
Alibaba’s disappointing results put Hong Kong…
Hong Kong stocks fell after Alibaba’s underwhelming revenue growth for the quarter disappointed investors, with…
Low-profile founder of TikTok owner ByteDance…
The entrepreneur is adding nearly US$29 million to a charitable education fund in his hometown, his first bout of…
China’s Big Tech firms slashed jobs by the…
Baidu and Tencent both cut over 4,000 roles, while Alibaba and Meituan cut some 20,000 and 10,000 jobs,…