Meituan

Chinese tech firms JD.com, Meituan, and Didi have also been trying to persuade their users to ditch WeChat Pay and Alipay.

Companies like Alibaba and Meituan use exclusivity agreements and “monopoly clauses” to box in merchants and hobble competitors. That may change soon.

China’s largest on-demand service platform has been one of the slowest tech giants to rebound from the impact of COVID-19, but the recovery is underway.

China’s grocery group-buying sector is gaining steam as the pandemic is boosting demand.

Latecomers have to be able to endure large-scale losses, says Haitong’s Natalie Wu.

Jack Ma’s retirement marks a new era for the country’s innovators.

The sale will generate nearly USD 2 billion in net proceeds, half of the USD 4 billion the company raised in its IPO in September 2018.

Meituan first released livestreaming features in April, allowing tourist sites to introduce themselves to potential visitors amid the COVID-19 pandemic.