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MEITUAN PROFIT
Alibaba bids $1.5 billion for China grocer Pupu in Meituan fightAlibaba is reportedly offering $1.5 billion for Chinese grocery delivery firm Pupu, initiating a bidding war to gain market share from riva...- Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...
- Robots, drones could slash global food delivery costs to $1 per order, Barclays saysAutonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions...
- China probes competition among food delivery platforms to curb price warChina will investigate cutthroat competition among food delivery platforms operated by tech firms such as Meituan and Alibaba, aiming to r...
- China's ecommerce companies are getting singed by a price warThe likes of Alibaba, Meituan and JD.com have been flooding consumers with discounts and coupons to gain market share in the booming one-ho...
- US futures, Nvidia drop after chipmaker’s outlookUS equity futures and Nvidia shares declined after a disappointing sales forecast. This raised concerns about the AI spending boom. Hong Ko...
- Chinese food delivery company Meituan's profit slides as competition intensifiesMeituan has nearly 70% of China's delivery market but the company warned that the defence of its customer base will prove expensive in the ...
- JD. com faces battle to gain ground in China's instant delivery marketThe company has poured billions into JD Takeaway, the food-delivery unit it launched in February, to cut reliance on a core retail business...
- Chinese ecommerce leaders brush off regulatory risk to continue 'instant retail' price warChina’s top ecommerce platforms Alibaba, JD.com and Meituan are locked in a fierce instant retail price war, offering near-free deliveries ...
- Chinese ecommerce giant JD. com sales rise after costly food delivery pushJD.com recorded a jump in first-quarter revenue Tuesday, as the Chinese e-commerce giant makes a costly push to establish itself in the cou...
- Chinese food delivery giant Meituan beats quarterly revenue estimatesMeituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months t...
- Chinese food delivery giant Meituan beats revenue estimatesMeituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months t...
- Swiggy, Zomato among top 10 global online food delivery firms: ReportAccording to the Canada-headquartered global research firm ETC Group, Swiggy was placed in 9th place and Zomato on 10th.
- Tencent plans to divest $24 billion Meituan stake: sourcesTencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out how to execute a potentially lar...
- Tencent leads China tech selloff amid fears of further crackdownTraders pointed to everything from warnings from regulators over the weekend about scams in the metaverse to talk about yet more curbs on t...
- Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources sayDidi, backed by technology investment giants SoftBank , Alibaba and Tencent, has started initial talks with investment banks for the long-a...
- You think FAANG is distorting the S&P? Consider ATMAt this rate, instead of buying passive funds that track the MSCI index, investors might as well just pile into China’s version of FAANG, k...
- Swiggy raises additional $43 mn as part of ongoing funding roundAlong with existing investor Tencent, new investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets...
- Swiggy raises $113 million led by Naspers, valuation stays flat at $3.3 billionThe investment comes just a few weeks after rival Zomato acquired UberEats India. UberEats India has since then ceased to exist as a separa...
- Hundreds of Chinese firms seek billions in loans amid coronavirus outbreakChina is struggling to contain the epidemic, which has killed more than 900 people, the vast majority on the mainland, and infected more th...
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