Sarah ChenGeneral
China Instant Retail Reaches 1.2 Trillion Yuan as Platforms Trade Subsidies for Warehouses
Alibaba and Meituan now hold 45.7 per cent and 45.3 per cent of the fast-delivery market after cutting costly meal discounts.
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Meituan
Every story tagged Meituan on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged Meituan
17 stories in this topic
Rajiv MenonFood
Chagee Same-Store Sales Fall 16.1% in China as Network Shifts Direct
Operating income rose nearly fivefold in the second quarter even as domestic same-store transactions dropped for a fifth consecutive quarter.
Aiko TanakaE-Tailing
Dingdong Lifts Second Quarter Profit to $40 Million Ahead of Meituan Deal
Total revenue rose 8.6 per cent to $956.1 million as peak summer grocery orders pushed gross merchandise value to $1.07 billion.
Minjun ParkE-Tailing
Meituan Sees Silver Lining as Food Delivery Battles Cool Down Despite Another Quarter Loss
Meituan, China’s foremost food delivery company, reported its third consecutive quarterly loss this Monday. However, it did manage to meet revenue growth projections. The company has been weathering a particularly tough year, characterized by fierce,…
Aiko TanakaE-Tailing
Meituan’s Struggles Continue Amidst Food Delivery Frenzy: Can Signs of Easing Price War Restore Profits?
Meituan, the leading food delivery company in China, reported its second consecutive quarterly loss, slightly missing revenue growth forecasts. This comes after a year of aggressive, subsidy-intensive competition in China’s one-hour delivery market. Meituan’s…
Sarah ChenE-Tailing
Meituan Faces Second Quarter Loss Amid Intense Food Delivery Competition in China
In a fiercely competitive market, Chinese food delivery titan Meituan has reported a second consecutive quarterly loss, slightly missing projected revenue growth. Over the past year, the company has weathered intense competition sparked by aggressive subsidy…
Minjun ParkE-Tailing
Meituan Faces First Quarterly Loss Amid Alibaba-JD Price War: Future Challenges Expected
Meituan, China’s leading food delivery conglomerate, has recorded its first quarterly loss since the final quarter of 2022. This is due to a fierce pricing battle with competitors Alibaba and JD. Further losses are predicted for the upcoming quarter as these…
Wei ZhangStartups
Meituan’s Profit Plummets Amid Intense Competition In China’s ‘instant Retail’ Sector
Meituan, China’s top food delivery company, has reported an 89 per cent decrease in its net profit during the second quarter. The company attributes this major drop to escalating competition in the ‘instant retail’ sector, which specializes in delivering…
Sarah ChenFood
Starbucks expands delivery services in China with Meituan tie-up
Starbucks said on Tuesday it has entered into a partnership with China’s Meituan that will allow its Chinese customers to order coffee delivery via the super app’s platform. The move will expand the U.S. coffee chain’s delivery footprint in China, which has…
Maria SantosGeneral
China launches antitrust probe into food delivery giant Meituan
China launched an antitrust investigation into food delivery giant Meituan, the market regulator said on Monday, the latest target in a crackdown on the country’s sprawling internet platform economy. The State Administration for Market Regulation (SAMR) said…
Sarah ChenLogistics
Meituan launches global delivery platform
Chinese e-commerce platform Meituan has officially launched its “Meituan Delivery” global-delivery platform in order to extend service to more industries and more customers. Meituan Delivery will open its technology platform, delivery network and value chains…
Sarah ChenGeneral
Meituan Scaling down Ella Supermarket Outlets
Chinese food-delivery website Meituan has closed three of its Ella Supermarkets in Jiangsu, almost halving its network of outlets. The business initiative, which sells fresh supermarket produce online for fast home delivery, has just four remaining locations…
Wei ZhangFood
Luckin, Starbucks rivalry heats up
Luckin vs Starbucks: baristas and technology are engaged in a gigantic battle for Chinese coffee drinkers’ loyalty. Seattle, Washington-based Starbucks Corporation has been the indisputable market leader in the Chinese coffee industry ever since its Beijing…
Rajiv MenonE-Tailing
Meituan Dianping to set Hong Kong IPO valuation at up to $55 billion
China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($7.64-$9.17) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to $55 billion, four people…
Rajiv MenonFood
Tao Heung sales improved as visitors increases
Corporate restaurateur Tao Heung is reporting improved sales in both its core Hong Kong market and on the mainland as people dine out more often and the average tab increases. Tao Heung operates 60 restaurants under its own brand, two RingerHut eateries…
Rajiv MenonFood
Mao Shan Café China to open 200 more stores
The Mao Shan Cafe, a franchised food retail network with a menu centred on durian – plans to open 200 outlets across Mainland China by 2022. Mao Shan Cafes serve durian cakes, savouries, pastries, waffles, durian coffee and ice cream and other unique foods…