Food delivery

South-east Asia’s digital economy revenue set to hit US$135 billion in 2025: report

The region’s gross merchandise value is also expected to grow to US$305 billion this year

Meituan has a 2.125% US$750 million bond maturing on Tuesday, with its next major offshore regular bond due in 2028.

Meituan seeks to raise US$3 billion in dual-currency bond sale

The company operates online platforms for food delivery and other consumer products

Meituan has faced an increasingly crowded field in China’s food delivery sector, where rivals have been slashing prices.

Meituan plans debut dim sum bonds in up to 10 billion yuan sale

The dim sum bond market has also drawn interest from local Chinese governments and countries such as Indonesia

CGS International expects Grab to post a 50% year-on-year increase in financial services revenue when the company announces its Q3 results next month.
BROKER’S TAKE

CGS International upgrades Grab to ‘add’, raises target price to US$7 on financial services turnaround

Segment losses are expected to ‘narrow sharply’, says analyst Jacquelyn Yow

Foodpanda delivery rider Abdullah Abbas wades through a flooded street under a railway bridge after heavy rainfall in Lahore, Pakistan, Aug 30, 2025.

No pause for food delivery riders during Pakistan’s monsoon

[LAHORE] Abdullah Abbas waded through Lahore’s flooded streets, struggling to push his motorcycle and deliver a food order on time.

The Xiaomei agent allows users to order meals via voice command and help them book restaurants.

Meituan launches AI agent to boost food delivery business

[HONG KONG] Meituan has launched a new artificial intelligence (AI) agent app that aims to boost its food delivery and local services business, as its battle with Alibaba Group Holding for Chinese con...

Meituan is enjoying fresh momentum off the back of a partnership with Kuaishou, a Chinese live-streaming platform.

Tencent’s AI restraint shows risk of Alibaba, JD food war

In China, the industry is just as enthralled by a three-way battle to deliver the cheapest meals and knick-knacks, fastest

Deliveroo tells riders that “the fee for each order is unique” and is based on estimates of time, distance, the rider’s location, time of day, day of the week, the busyness of the restaurant and a number of other factors.

Dynamic wages make work a gamble

Ride-hailing and food delivery companies’ new pay models use algorithms to decide bespoke fees

The European Commission, which is now seeking market feedback to Prosus’ offer and will decide on the deal by Aug 11, declined to comment.

Prosus set to win EU nod for US$4.74 billion Just Eat deal: sources

Delivery Hero and Europe’s biggest meal delivery company compete with each other in Austria, Bulgaria, Italy, Poland and Spain

Alibaba’s food-delivery strategy has distracted investors away from the DeepSeek-led AI boom that drove its shares up more than 80% in just two months earlier this year.

Alibaba risks deepening US$100 billion rout as turf war heats up

The company has merged its delivery unit into its core business and boosted subsidies since JD.com’s formal entry to the space in February