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 […]
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Posted inHeavy Hitters
Antitrust comes for Meituan
As Meituan dominates food delivery, many of the restaurants whose food it delivers are struggling to get by. Regulators are asking why.
Posted inHeavy Hitters
Pinduoduo founder steps down, Taobao on WeChat: Retailheads
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.
Posted inHeavy Hitters
Briefing: Ele.me widens logistics offerings, to build out infrastructure
Ele.me’s service expansion follows on the heels of rival Meituan’s widened logistics services.
Posted inWith Chinese Characteristics
Briefing: Xiaohongshu, Ele.me and NetEase Kaola accused of harvesting user data
Authorities call on leading app operators to stop collecting user data without permission amid concerns over leaks.
Posted inHeavy Hitters
Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
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Alibaba’s grocery chain Freshippo records first profitability in key segment, eyes expansion in 2023
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 […]
Posted inOn the Cusp
MissFresh, Dingdong Maicai file for US IPOs, JD expands overseas: Retailheads
MissFresh, Dingdong Maicai, two Chinese online grocers, filed for US IPOs. JD.com and its logistic branch are expanding overseas.
Posted inHeavy Hitters
Food delivery platforms push into lower-tier cities, new retail for growth: report
Ele.me claimed 47.4% share of total order volume last year, closing the gap with long-time market leader Meituan Dianping, which held 51.8%.
Posted inHeavy Hitters
The Big Sell | Will Shanghai lockdown change the game for community group buying?
For millions stuck in Shanghai, purchasing daily goods has become a hassle. Community group buying has revived, thanks to its flexibility.
