China’s Tencent Holdings wants to sell most — if not all — of its stake in the food delivery platform Meituan as the government cracks down on the country’s Big Tech companies. That’s according to a report Tuesday (Aug. 16) by the Wall Street Journal,...
Shanghai’s market regulator has summoned a dozen eCommerce firms, including food delivery platforms Meituan and eleme.me, to discuss a range of topics including price gouging during the COVID pandemic. As Reuters reported Monday (April 18), the regulator told platforms to improve the way they manage...
Meituan, the Chinese food delivery company, lost $26 billion in value as of Friday after regulators wanted to lower fees food platforms are charging restaurants, Financial Times says. The crackdown comes as China has had numerous government restrictions on the tech sector, mostly intended to...
China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. As CoinTelegraph reported Friday (Jan. 28), users can link their Meituan app to a digital wallet to pay for daily services like cabs, hotel...
March 16, 2020
Mobile order-ahead is growing faster than ever before, with digital ordering and delivery having grown 300 percent faster than in-store dining since 2014. Approximately 60 percent of Americans use digital ordering services at least once a week, with 59 percent of millennials’ restaurant interactions consisting of takeout or delivery. Many of these interactions are through […]
August 16, 2022
China’s Tencent Holdings wants to sell most — if not all — of its stake in the food delivery platform Meituan as the government cracks down on the country’s Big Tech companies. That’s according to a report Tuesday (Aug. 16) by the Wall Street Journal, which cited people familiar with the matter. One of the […]
April 18, 2022
Shanghai’s market regulator has summoned a dozen eCommerce firms, including food delivery platforms Meituan and eleme.me, to discuss a range of topics including price gouging during the COVID pandemic. As...
February 20, 2022
Meituan, the Chinese food delivery company, lost $26 billion in value as of Friday after regulators wanted to lower fees food platforms are charging restaurants, Financial Times says. The crackdown...
January 28, 2022
China’s food delivery service Meituan has become the latest tech firm to let customers use central bank digital currency (CBDC) payments. As CoinTelegraph reported Friday (Jan. 28), users can link...
