Meituan, China's leading food delivery service, reports a significant profit increase but warns of volatility due to intense ...

Alibaba’s Taobao Instant Commerce service and Ele.me have surpassed 40 million daily orders within a month of launch, the ...

The achievement is Alibaba’s latest in China’s rapidly evolving “instant commerce” market– where items ranging from groceries ...

Explore the impact of tariff uncertainties on PDD Holdings Inc.'s Q1 earnings miss and Alibaba's strategies amidst U.S.-China ...

Before the recent surge in rivalry, China’s food delivery market ... as competition intensifies in the instant commerce segment. Taobao Instant Commerce, accessible via Alibaba’s popular ...

Alibaba, which operates the second-largest food delivery ... delivery market, Morningstar analysts said. Defending that customer base could prove expensive amid the intensifying competition ...

The Chinese on-demand delivery giant beat expectations, as it fends off rivals Alibaba and JD.com Chinese on-demand local ...

SHANGHAI] China’s leading food delivery group Meituan on Monday (May 26) reported net profit for the first quarter of 10.9 ...

Amid the competition, Meituan has been looking to expand overseas to bolster growth. The company plans to invest $1 billion to launch its Keeta food-delivery service in Brazil, looking to replicate ...

Meituan, a dominant player in the Chinese food-delivery market, has faced stiff competition in its home market from the likes of Alibaba Group and JD.com, both of which have ramped up efforts to grow ...