Meituan

The reshuffle marks the company’s latest attempt to continue the user growth for its signature Meituan app.

The company denied the cause of the tragedy was related to negative reviews.

The bi-annual internet report published by the Chinese government provides insights of various internet sectors’ current developments.

While first-tier tech giants are retreating, Xiaomi and Meituan Dianping are testing the waters in the new energy vehicle sector via investments.

Meituan booked RMB 1.9 billion (USD 270.2 million) in adjusted net profit.

Hellobike and Bluegogo also adjusted their pricing policies this year.

Ele.me’s fight for market share in Dali is the epitome of what is currently going on throughout China.

The move follows developments that were shaped by Tencent, Alipay, Baidu, and ByteDance.