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The Latest Breaking News from Meituan

Alibaba Folds Ele.me Into Taobao As China's Delivery War Heats Up

Alibaba Group Holding Limited (NYSE:BABA) has officially retired its longtime food-delivery brand Ele.me as it folds the service deeper into its instant-retail strategy to better compete in China’s intensifying delivery market.

Benzinga

Tech Brief (Dec. 1): Baidu Initiates Largest Layoffs in Years

Meituan swings to quarterly loss, Nexperia China says supplies resume for over 500 clients

Caixin Global

The Week Ahead (Dec. 1 to 7): Macron Visits China, Fed Ends Quantitative Tightening

Putin to visit India, Hong Kong holds Legislative Council election

Caixin Global

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Tech Brief (Nov. 27): Li Auto Swings to Quarterly Loss on Slumping Deliveries

China sets 2027 targets to boost consumption, Didi’s net profit jumps 67%

Caixin Global

Tech Brief (Nov. 4): Baidu’s Robotaxi Service Expands to 22 Cities

Amazon and OpenAI sign $38 billion deal, PBOC to explore cross-border payment solutions with digital yuan

Caixin Global

Alibaba Turns Local Shops Into Taobao Hubs In Fresh Challenge To JD.com And Meituan

Alibaba Group Holding Ltd (NYSE:BABA) launched a 2 billion yuan ($281 million) investment on Friday to build a nationwide network of Taobao-branded convenience stores that will support its fast-growing instant commerce and on-demand delivery business, Taobao Shangou.

Benzinga

Tech Brief (Oct. 31): China Launches $7.2 Billion Fund for Strategic Industries

U.S. to suspend 50% or more “affiliates rule” for one year, DJI under investigation in Italy for alleged price-fixing

Caixin Global

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Tech Brief (Oct. 28): Meituan Releases Open-Source Video Generation Model

China’s securities regulator to deepen ChiNext board reforms, XPeng expands into the Baltics and Cambodia

Caixin Global

Business Brief (Oct. 17): U.K. Sanctions Chinese Firms Over Russia Ties

Chinese scientists report a major breakthrough in solid-state EV batteries, Indonesia confirms purchase of Chinese J-10 fighter jets

Caixin Global

What's Fueling Alibaba Stock's Jump Past Its 52-Week High?

Alibaba Group's (NYSE:BABA) mapping and local services platform, Amap, reached a record 360 million daily users on the first day of China's National Day holiday, underscoring the company's growing push into the local services market.

Benzinga

Jack Ma Back At Alibaba? What's Going On

Jack Ma has re-emerged at the center of Alibaba Group (NYSE:BABA) as the company intensifies its push into artificial intelligence and revives competition with JD.com (NASDAQ:JD) and Meituan (OTC:MPNGY).

Benzinga

What's Going On With Alibaba Stock Monday?

Alibaba Group (NYSE:BABA) stock traded higher on Monday as its artificial intelligence endeavors continue to spur investor optimism.

Benzinga

Nvidia's China Chip Boom Faces Threat As Beijing Pushes For Homegrown AI

Nvidia (NASDAQ:NVDA) has popularized the accelerators that China should ditch, a top government adviser warned, urging the country to develop domestic chips that enable artificial intelligence.

Benzinga

DeepSeek And Meituan Emerge As China's Boldest AI Challengers

DeepSeek and Meituan (OTC:MPNGY) are emerging as China's strongest contenders in the escalating race to challenge OpenAI, Microsoft (NASDAQ:MSFT), Alibaba (NYSE:BABA), and Tencent (OTC:TCEHY) in global artificial intelligence.

Benzinga

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Kiplinger

Are There Opportunities to Invest in China?

Opportunities to invest in China are plentiful and, arguably, shouldn't be ignored in the U.S. Here's where to look.

Benzinga

Alibaba Unites Its Empire To Fight Back Against Meituan

Alibaba Group (NYSE:BABA) and its fintech affiliate Ant Group, co-founded by Jack Ma, have launched a unified strategy to take on Meituan (OTC:MPNGY) in China’s instant commerce market.

Benzinga

Nvidia's Dilemma Could Redefine The Future Of China Tech ETFs

Nvidia Corp’s (NASDAQ:NVDA) uneasy dance between Washington and Beijing is quickly becoming a market-defining saga for China-focused tech ETFs. The chipmaker is gearing up to ship its new AI chip, likely to be called the B30A processor, next month, according to a Reuters report. This new product will be a…

Fortune

Yum China’s sales keep growing, but a fierce food-delivery price war may be weighing on investor sentiment

Yum China’s HK-traded shares are down about 3% since Tuesday, even as the KFC and Pizza Hut operator posted 4% year-on-year revenue growth last quarter.

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Benzinga

China's Crackdown Forces Alibaba, JD, And Meituan To Call Truce On Price War

Alibaba Group (NYSE:BABA), Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD) pledged on Friday to end aggressive price-based competition that has squeezed margins and drawn regulatory scrutiny.

Benzinga

Party's Over: China Tells Alibaba, Meituan, JD To Stop Bleeding

On Friday, China’s State Administration for Market Regulation (SAMR) called upon three of the country’s leading food delivery platforms: Alibaba Group’s (NYSE:BABA) Ele.me, Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD). The regulator urged these companies to adopt more “rational” competitive practices amidst an escalating price war within the sector.

Benzinga

Meituan Cries 'Irrational!' As Alibaba Escalates Delivery Battle

Alibaba Group (NYSE:BABA) escalated China’s instant delivery price war by launching a massive 50 billion Chinese yuan subsidy program for consumers and merchants on its Taobao Shangou platform, intensifying an already cutthroat battle for market share against JD.com (NASDAQ:JD) and Meituan (OTC:MPNGY).

Benzinga

Alibaba Intensifies Instant Delivery Fight With New Campaign

Chinese e-commerce juggernaut Alibaba Group Holding (NYSE:BABA) is intensifying its efforts in China’s fiercely competitive instant delivery market by launching a new 100-day Super Saturdays campaign under its Taobao Shangou brand.

Benzinga

Alibaba Bleeds Billions As Delivery Price War Erases $100 Billion In Market Value

Alibaba Group Holding (NYSE:BABA) matched its record of 80 million on-demand deliveries on Saturday, intensifying its competition with Meituan (OTC:MPNGF) (OTC:MPNGY) and JD.com (NASDAQ:JD) in China’s high-stakes quick-delivery market.

Fortune

Move over, Magnificent 7: Goldman Sachs proposes the 'Prom 10,' China's top stocks including Tencent, Alibaba and BYD

Goldman Sachs recently highlighted 10 different Chinese stocks that it thinks are best poised for growth. Together, they make up the “Prominent 10."

The Independent UK

China's army of food delivery drivers get by with help from discount 'loving meals'

More and more of China's migrant workers are choosing to work in the gig economy

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