food delivery Tag

22 Mar Meituan’s fourth-quarter revenue jumps on strong orders, while losses from new initiatives narrow further

Posted at 09:52h in Asia

The Beijing-based company posted 73.7 billion yuan (US$10.2 billion) in revenue for the three months ended December 31, better than the 72.7 billion yuan consensus estimates according to analysts surveyed by Bloomberg.Quarterly net income came in at 2.22 billion yuan, compared with a net loss...

25 Feb Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

Posted at 01:00h in Asia

The Chinese government is ordering online platforms to better protect the rights of the country’s 200 million gig workers, including ride-hailing and food delivery drivers employed by the likes of Meituan and Didi Chuxing.The Ministry of Human Resources and Social Security (MHRSS) released three new...

04 Jan PDD halts development of local services offering to avoid head-on competition with Meituan and Ele.me, report says

Posted at 12:00h in Asia

E-commerce giant PDD Holdings has halted work on its local life services offering, avoiding head-to-head rivalry with Meituan, Alibaba Group Holding and ByteDance, whose Douyin short video app has also dipped a toe into the sector.PDD has “completely halted [development of] the local services business”,...

food delivery Tag

22 Mar Meituan’s fourth-quarter revenue jumps on strong orders, while losses from new initiatives narrow further

25 Feb Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

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