Shanghai’s market watchdog has imposed an RMB 500,000 fine on food delivery app Ele.me for misleading consumers on prices and food safety.
Ele.me is criticized for its treatment of the family of a deliveryman who died on the job. The US may ban American investors from Alibaba and Tencent.
A short video showing individuals putting out the flames engulfing a deliveryman working for Ele.me in Jiangsu province went viral on Chinese social media.
Alibaba’s layoff comes after the company recorded its slowest revenue growth in 2021 since it went public on the New York exchange in 2014.
Colin Huang, the Pinduoduo founder, stepped down as chairman. Alibaba is said to be planning to launch Taobao Deals on WeChat as a mini program.
Ele.me’s service expansion follows on the heels of rival Meituan’s widened logistics services.
Authorities call on leading app operators to stop collecting user data without permission amid concerns over leaks.
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
Freshippo said it achieved profitability with its main grocery brand Hema Xiansheng for the first time in 2022, after seven years of investment, according to an internal letter to employees from Freshippo chief executive Hou Yi seen by local media outlet Jiemian. Why it matters: At a time when many other tech-funded grocery chains are […]
Since Ele.me was acquired by Alibaba, the company has escalated a cash-burning subsidy war with Meituan Dianping