China’s Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business

[ad_1] A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which…

Meituan Becomes No. 2 Hong Kong Food Service Months After Debut

[ad_1] Meituan has become Hong Kong’s second-largest food delivery platform since debuting in the city last May, a sign that splashy subsidies are boosting the company’s first major foray outside…

HK shares hit one-year low, China dips as Meituan soft outlook weighs

[ad_1] HONG KONG: Hong Kong stocks slumped to a one-year low on Wednesday, while China shares also closed lower, as food delivery giant Meituan’s cautious fourth-quarter outlook raised recovery concerns…

Pinduoduo transaction revenue surges 315% as Chinese consumers hunt for bargains

[ad_1] Chinese flag waving in front of Shanghai cityscape. Eternity in an Instant | Stone | Getty Images Consumers in China are hunting for bargains when they spend, the latest…

Meituan Plans Share Buyback Valued at Up to $1.0 Billion

[ad_1] Meituan, a China-based shopping-and-delivery platform, plans to buy back its shares valued up to $1.0 billion, a day after announcing solid third-quarter results. The company said shares will be…

Meituan Announces Financial Results for the Three Months Ended September 30, 2023

[ad_1] HONG KONG, Nov. 28, 2023 /PRNewswire/ — Meituan (HKG: 3690) (the “Company”), a leading technology-driven retail company in China, today announced the unaudited consolidated results of the Company for…

Meituan’s KeeTa joins Hong Kong’s food delivery race — but analysts are skeptical

[ad_1] The food delivery service — named KeeTa — launched on May 22 in two residential areas: Mong Kok and Tai Kok Tsui. KeeTa plans to cover the entire Hong…

Shares of China’s food delivery leader Meituan fall more than 5% on weaker Q3 outlook

[ad_1] Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021. Yan Cong | Bloomberg | Getty Images Meituan‘s…

More Hong Kong delivery staff expected to seek unpaid wages after tribunal ruling

[ad_1] More Hong Kong delivery staff expected to seek unpaid wages after tribunal ruling  South China Morning Post [ad_2] Source link

Food delivery apps Grab and Foodpanda expand into dine-in services as explosive growth stalls

[ad_1] Singapore-based food delivery apps Grab and Foodpanda are expanding into the dine-in space, as consumers resume their daily routines and go out and dine in more frequently. “I would…