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 …
ByteDance’s sales surged in 2023 to more than US$110 billion, according to people familiar with the matter, potentially overtaking arch-foe Tencent Holdings in a sign TikTok’s fledgling e-commerce business is …
Chinese food delivery giant Meituan plans to spend 100 million yuan (US$14 million) to hire around 300,000 food delivery riders in preparation for a surge in demand during winter, according …
The collaboration between Ant, the fintech affiliate of South China Morning Post owner Alibaba Group Holding, and Shenzhen-based Huawei is expected to benefit consumers who use Alipay and the Chinese …
The Chinese arm of McDonald’s – with a network of more than 5,500 restaurants and over 200,000 employees serving more than 1 billion customers each year – is part of …
The Chinese economy may have been in a funk this year, but Morgan Stanley sees promise in tech — naming stocks to play the sector into the new year. In …
The stock sell-off in Hong Kong has galvanised some of the biggest companies to rush out their buy-back programmes, with WuXi Biologics, Meituan and Swire Pacific aided by US$2.37 billion …
A US$10 billion sell-off in Meituan shares is shaking the confidence of analysts who have been bullish on the Chinese food-delivery company for more than three years. Many cut their …
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 earnings …
Major Chinese internet companies are scrambling to recruit app developers for projects based on Huawei Technologies’ HarmonyOS mobile platform, as the US-blacklisted telecommunications equipment maker expands the adoption of its …