Food Delivery

Last week Zomato also announced cutting 13% of its total workforce.

Fore Coffee CEO Elisa Suteja said that it closed several outlets for Ramadan and that it is selling assets.

An expert in transport and logistics services, Guo Jinyi will look to steady the crisis-impacted firm navigating a fraud investigation and investor run.

SF Holdings unveiled the Fengshi WeChat mini program, targeting corporate clients and individual consumers for food deliveries.

Coffee brands are diversifying, adding non-coffee drinks with herbs such as turmeric, ginger, and tamarind.

As labor costs rise and demand is down, the relationship between Meituan and merchants has become strained, echoing resentment against Taobao in its early days.

The second quarter looks even grimmer.

Earlier this year, Uber Eats exited India by selling the food delivery business to local rival Zomato in an all-stock deal.