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”,...