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.
Various parties involved in Meituan’s food delivery ecosystem are pointing fingers at one another over missing profits. It doesn’t look good.
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. […]
The move is reminiscent of Alibaba’s recently launched ‘A100′ program, which aims to help companies’ digital transformation.
Rising commission fees are eroding profitability at small restaurants. Many owners say they’ve had enough.
Waste-sorting has become a hot topic in the eastern Chinese city as online platforms seize on opportunities in the sector.
Corruption was a trademark of China’s economic boom years, and now the attitude towards such practices is changing.
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 […]
Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
Increased commissions suggest food-delivery platforms are becoming increasingly serious about improving their financials.