The fierce competition in China's food-delivery industry has started to show up in Alibaba Group's results, with the e-commerce titan reporting weakness in a key profitability metric in its latest ...
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A collage of the 3 food delivery brands in China: Meituan, Ele.me and JD.com Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, ...
SHANGHAI, Aug 27 (Reuters) - China's leading food delivery group Meituan (3690.HK), opens new tab posted an 89% drop in second-quarter adjusted net profit on Wednesday, hit by rising competition in ...
Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets. By Zixu Wang Reporting from Hong Kong In ...
Heavy subsidy spending in China’s food-delivery battle led Meituan to report a 19.8 billion yuan ($2.7 billion) operating loss in the third quarter of 2025, its largest since listing. Alibaba’s ...
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