Delivery drivers from Meituan wait for orders beside a shopping mall. Photo: Shutterstock
Delivery drivers from Meituan wait for orders beside a shopping mall. Photo: Shutterstock
E-commerce

China’s food delivery giant Meituan set to display business resilience in third quarter despite divestment by Tencent

  • A steady rise in revenue could help shore up investor confidence in Meituan, after Covid-19 lockdowns dealt a blow to restaurants and hotels
  • Still, the company has come under pressure to provide better welfare coverage to its army of gig workers amid Beijing’s ‘common prosperity’ push

Delivery drivers from Meituan wait for orders beside a shopping mall. Photo: Shutterstock
Delivery drivers from Meituan wait for orders beside a shopping mall. Photo: Shutterstock
READ FULL ARTICLE