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.
Shanghai’s recent Covid outbreak has pushed companies to rethink the importance of last-mile delivery capabilities, which is a weak point for Pinduoduo.
ByteDance-owned Douyin has achieved its yearly target set for local life service ahead of schedule, reaching RMB 50 billion ($6.98 billion) GMV in October, Chinese media outlet 36Kr reported, citing several unnamed sources. Why it matters: The short video app, which has more than 600 million daily active users, introduced functions like ordering food and […]
Meituan made the move less than two weeks after regulators asked platforms cut fees for restaurants suffering from the coronavirus outbreak.
Expansion in the food delivery sector has decelerated sharply from 2017 and 2018.
Meituan is planning to merge its e-commerce business units and the group buying unit known as Meituan Select, Chinese media outlet Caijing reported on Wednesday. Why it matters: Facing fierce competition in its core business, Meituan is combining two relatively weaker and similar units to concentrate on new growth points. In April, Meituan Select suspended […]
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.