Topic
Meituan is the largest on-demand delivery-service provider in China by revenue. Its Meituan app is most commonly known for food delivery, but also provides shopping, film tickets, hotel and travel bookings, restaurant reviews, group discounts and bicycle rentals. As of 2022, the company had 6.24 million delivery riders and over 9.3 million merchants.
With the crackdown on fintech firms over, the sector must look forward and realise its full potential in driving China’s recovery.
The likely impact of the US lender’s collapse is that China’s tech elite will look to banks in Hong Kong, Singapore and even Europe.
- The Beijing-based firm posted a 23 per cent jump in revenue to 73.7 billion yuan for the December quarter
- Its number of on-demand delivery transactions grew 25 per cent year on year to over 6 billion
Platforms should send app notifications to remind workers to take a break if they have been working longer than the hours agreed, according to new government guidelines.
The Shenzhen-based internet giant must find new lifelines in its video gaming and social media operations, Ma told employees at the firm’s annual meeting.
Claims by a Shanghai food courier that he made more than 1 million yuan in three years has offered hope to the unemployed amid China’s sputtering economic recovery and bleak job market outlook.
Assigning generative AI content a legal status under certain conditions aims to encourage people to create with new tools, Beijing Internet Court judge Zhu Ge said.
A routine internal audit at Dada found US$140 million worth of questionable revenue and costs in the firm’s books for the first three quarters of 2023.
Chinese Big Tech firms have jostled for supremacy in a local services market expected to be worth 35 trillion yuan by 2025.
TechInsights expects HarmonyOS to take share from both Google’s Android and Apple’s iOS in China in 2024, driven by Huawei’s return to 5G smartphone segment.
Competition Commission accepts terms offered by Foodpanda and Deliveroo, months after watchdog warned delivery giants’ contracts could breach regulations.
Douyin, the Chinese version of TikTok owned by ByteDance, has taken a further step into local services by publishing lists of popular dining tables as its answer to the Michelin guide for restaurants.
China’s Big Tech landscape continues to undergo seismic shifts, with video gaming and news portal NetEase overtaking food delivery giant Meituan as the country’s fourth most valuable listed technology company.
Meituan to bolster hiring of delivery drivers to cover an expected incease in orders as wintry weather strikes China.
The strategic cooperation between Ant and Huawei underscores the growing momentum of HarmonyOS’ adoption in the world’s biggest e-commerce and smartphone market.
McDonald’s China unit is part of the first batch of multinational food companies on the mainland that have committed to build apps based on Huawei’s self-developed HarmonyOS mobile platform.
Meituan aims to improve the operational efficiency of its retail businesses through technologies, such as artificial intelligence and drones.
PDD and Meituan both post bumper increases in third quarter revenues as former captures desire for bargain prices and latter benefits from hotels and travel rebound.
The disruptions affected some of the app’s 400 million users, as well as drivers across China, including in Beijing, Shanghai and Guangzhou.
More than 700 million devices currently run on HarmonyOS, with more than 2.2 million third-party developers creating apps for the platform, according to Huawei.
For every five new jobs in artificial intelligence in China, there are only two qualified workers available, a sign of the serious shortage of talent in the hot sector, according to a new report.
Big Tech firms agree day off on Lunar New Year’s Eve in move that may soften their reputation for punishing work schedules.
The start-up’s other investors included Ant Group, Meituan, Xiaomi and HongShan, the Chinese venture capital firm spun off from the former Sequioa Capital.
The Chinese version of TikTok is expanding to 24 new markets including Shenzhen and Tianjin to capture a larger slice of China’s lucrative food delivery pie.
The industry’s aggregate profits rose 29.1 per cent year on year to US$11 billion in the January-to-July period, led by the e-commerce and on-demand local services market segments.
The Chinese food delivery giant says its adjusted net profit in the second quarter more than tripled from a year ago.
Alibaba’s Taobao and Tmall unit is looking to fill 2,000 entry-level positions, while Tencent says it will offer a large number of job openings from AI to cloud computing.
Seven delivery riders won their cases for unpaid wages, sparking hope of more protection for thousands of others.
Local services offer a new source of growth for Chinese tech companies as some of their bread-and-butter businesses have plateaued.
ByteDance’s domestic short video app Douyin is making progress with on-demand local services but is still far from challenging market leader Meituan.
The slowing economy has resulted in a flood of new gig workers who have been reduced to working longer to get fewer orders than they saw during the pandemic.
