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The China News Database was last updated at 01:50PM on November 9, 2023.
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138 articles matching the search query.
JD.com, Meituan and Neolix to test autonomous deliveries on Beijing public roads
People in a Beijing suburb will begin to see autonomous delivery mini-vans across their neighborhood, moving cautiously alongside human delivery riders belting down the streets. Beijing has greenlighted JD.com, Meituan and Neolix to trial self-driving delivery vehicles on designated public roads in the Yizhuang Development Area, an economic and technological growth pilot initiated by the […]
China’s Next-Generation Tech Firms Hit Hard by Market’s Pullback
Stock in former darlings such as Meituan, Pinduoduo and Kuaishou has dropped by more than one-third from highs reached earlier this year.
Poetic social media post costs founder of China’s Meituan super app $2bn
Investor reaction to ancient verse underscores fears over Beijing’s tech crackdown
China Orders Didi, Meituan to Rectify Ride-Hailing Abuses
China’s antitrust watchdog ordered Didi Chuxing, Meituan and eight other leaders in on-demand transport to halt practices from arbitrary price hikes to unfair treatment of drivers, expanding a crackdown on the country’s internet giants.
Alibaba (BABA) Revenue Beats But Swings to Loss on Antitrust Fine
Alibaba Group Holding Ltd. forecast better-than-expected revenue and pledged to invest in new growth arenas, signaling its intention to move past a Chinese antitrust probe that triggered its first loss in nine years.
A 1,100-year-old poem cost Meituan's CEO US$2.5 billion, his company
Companies & Markets News -It took just 28 Chinese characters on a social media platform to ignite a controversy that's rattled China's tech industry.. Read more at straitstimes.com.
Shares of China’s Meituan Sink as Public Scrutiny Mounts
Investors have soured on the online delivery company’s growth prospects amid a broader crackdown on the country’s powerful technology sector.
Meituan loses US$16 billion in market value after founder’s blog post
Wang’s post, which has since been taken off the Fanfou social media platform – his de facto fan club, where he posted three times everyday on average for 14 years – raised eyebrows.
Meituan shares slide after chief posts ancient poem
Words posted by Chinese tech giant’s boss interpreted as challenge to authorities and Xi Jinping
China orders fintech companies to stick to the rules as clampdown widens
The country's platform economy has grown rapidly and covers whole range of e-commerce activities ranging from banking to shopping and food delivery.
China Orders Tencent, ByteDance to Rectify Financial Operations
Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a crackdown on the tech sector.
China opens an inquiry into Meituan, a takeout-delivery titan.
The inquiry, announced with a terse, one-line statement, is the latest move in China’s fast-moving campaign to rein in its internet giants.
China antitrust regulator launches probe of Meituan
Food delivery app investigated over exclusive sales deals with merchants
China Investigates Meituan For Suspected Monopolistic Practices
China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan.
China’s Meituan Amasses $10 Billion War Chest for Drones and Driverless Cars
The company also unveiled a new generation of self-driving delivery cars that it said were smarter and safer than previous versions.
China warns 34 tech firms against excess in antitrust crackdown
Chinese authorities summoned 34 of the country’s biggest internet companies on Tuesday, including Tencent, Meituan and ByteDance, ordering them to learn a lesson from Alibaba’s case, and to conduct self-inspections to comply with antitrust laws.
JD Needs to Move Fast With Logistics IPO
Chinese e-commerce giant JD is looking to follow up on its healthcare unit’s successful IPO by listing its logistics unit. It had better move swiftly lest Chinese stocks lose more steam.
China fines group-buying platforms owned by Meituan, Pinduoduo over improper pricing
China fined on Wednesday five community group-buying platforms owned and backed by the likes of Meituan, Pinduoduo, Tencent Holdings, Alibaba Group and Didi Chuxing, citing "improper pricing behaviour".
Groceries Help Meituan Grow Into One of China’s Biggest Tech Companies
It has quickly become the country’s third-most-valuable internet company, with a market value of more than $300 billion.
Alibaba Probe Stirs Worry About What’s Next for Chinese Tech
Alibaba Group Holding Ltd. led a second day of frenetic selling among China’s largest tech firms, driven by fears that antitrust scrutiny will spread beyond Jack Ma’s internet empire and engulf the country’s most powerful corporations.