Food Delivery

The Singapore tech group’s first results since its US listing come as shares slump.

Competitors have eaten into Didi’s market share after it was removed from app stores in China last year.

Shopee and Traveloka have ventured into food delivery and on-demand transportation, while AirAsia plans to launch an array of services in Indonesia soon.

With the new funding rounds, Swiggy will sharpen the focus on quick commerce, while Ola Electric will ramp up the production of its two-wheeler EVs.

Meituan’s revenue from food delivery was more than double that of Alibaba’s Ele.me in Q3 2021.

The super app developer’s experience as a new public company may serve as a reference for other businesses that are eyeing ticker symbols in the United States.

The recent offering pits Kuaishou against Douyin as short video platforms facilitate sales for retail and F&B businesses.

Through localized digital initiatives, foodpanda supports communities hit hard by the pandemic.