Meituan
China’s open-source AI is a national advantage
The models are akin to studying together to ace a test instead of relying on individual knowledge
China’s internet firms cautiously revive lending as Beijing pushes consumer loans
The more stable regulatory environment positions firms such as Ant, Meituan and ByteDance for faster growth and higher margins
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 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
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...
Alibaba mapping app steps into local business rankings, intensifying competition
[SHANGHAI] Alibaba’s mapping app Amap is moving away from its traditional focus on navigation and encroaching into rival Meituan’s local-lifestyle territory by launching its own ranking of restaurants...
China’s e-commerce companies are getting singed by a price war
Intense competition leads to significant cash burn and margin squeeze
Profit dives at China’s top food delivery firm Meituan amid intense competition
[SHANGHAI] China’s leading food delivery group Meituan, reported on Wednesday (Aug 27) a fall of 89 per cent in second-quarter adjusted net profit as it looks to stave off rising competition in the “i...
JD.com billionaire’s viral stunt reignites China’s food-delivery feud
ONE unusually warm evening in April, Richard Liu revved his scooter through Beijing’s traffic-snarled streets alongside other delivery workers, and then personally handed food orders to surprised cust...
Chinese food delivery giant Meituan net profit up 46.2% in first quarter
The company controls nearly 70% of China’s delivery market, but rising competition could drive up costs and squeeze margins, analysts say
