Luckin may be kicked off Nasdaq over fraud admission as board seeks to rein in shady listings. Delisting would put Luckin in the company of penny stocks.
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Posted inHeavy Hitters
There are no food delivery winners
Various parties involved in Meituan’s food delivery ecosystem are pointing fingers at one another over missing profits. It doesn’t look good.
Posted inBranded Content, On the Cusp
O2O, data, and blockchain are revolutionizing real estate in China
Editor’s note: This article is part of our JLL proptech series, produced in cooperation with JLL, a leading professional services firm that specializes in real estate and investment management. We believe in transparency in our publishing and monetization model. Read more here. China is a crowded country and finding a place to call home can be daunting. […]
Posted inOn the Cusp
Meituan to invest $1.7 billion in push to digitize merchant partners
The move is reminiscent of Alibaba’s recently launched ‘A100′ program, which aims to help companies’ digital transformation.
Posted inOn the Cusp
Appetite for food-delivery apps wanes among small restaurant owners
Rising commission fees are eroding profitability at small restaurants. Many owners say they’ve had enough.
Posted inHeavy Hitters
Alipay helps Shanghai citizens sort trash as authorities get tough
Waste-sorting has become a hot topic in the eastern Chinese city as online platforms seize on opportunities in the sector.
Posted inOn the Cusp
Briefing: Car platform Guazi beefs up anti-corruption policy after worker scam
Corruption was a trademark of China’s economic boom years, and now the attitude towards such practices is changing.
Posted inHeavy Hitters, On the Cusp
Alibaba’s O2O lifestyle app is testing online menu for restaurants
Alibaba’s lifestyle app Koubei is testing an online restaurant menu function (in Chinese) at a chain tea shop and a fast food store in Wuxi City. The new feature offers two different kinds of services. Customers dining in at the restaurant can place orders on Koubei app when they are waiting in the line or […]
Posted inOn the Cusp
NEV fleet logistics startup DST completes Series C1
Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
Posted inHeavy Hitters
Restaurants face higher costs as food-delivery platforms hike fees, again
Increased commissions suggest food-delivery platforms are becoming increasingly serious about improving their financials.
