Drivers of on-demand food delivery services providers Ele.me, in blue, and Meituan Dianping, in yellow, are seen in Beijing on April 11, 2018. Photo: Reuters

China’s on-demand delivery providers to tighten merchant inspection, as regulator finds 35,000 illegal restaurants on their platforms

  • The Beijing Market Supervision Administration has initiated more than 2,100 cases against illegal food merchants
Topic |   Ecommerce

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Drivers of on-demand food delivery services providers Ele.me, in blue, and Meituan Dianping, in yellow, are seen in Beijing on April 11, 2018. Photo: Reuters
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Meituan Dianping’s CFO Chen Shaohui (left) and co-founder and CEO Wang Xing at the company’s global offering investor lunch in Hong Kong, September 2018. Photo: SCMP/Nora Tam

Meituan willing to sacrifice profitability for growth as business model shifts from subsidies to investments

  • Meituan’s net loss widened 57 per cent to US$508 million, dragged down by its bike-sharing service Mobike
  • Food delivery business reported a 66.1 per cent year-on-year increase in revenue in the fourth quarter
Topic |   Internet

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Meituan Dianping’s CFO Chen Shaohui (left) and co-founder and CEO Wang Xing at the company’s global offering investor lunch in Hong Kong, September 2018. Photo: SCMP/Nora Tam
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