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Tuesday, June 25, 2019

Tag: Meituan

Alibaba’s sales surge as Jack Ma’s free spending bears fruit

Tencent Holdings posted its biggest profit drop in a decade after it ran afoul of regulatory tangles, while Facebook and Twitter grappled with fundamental issues such as waning user growth.

Meituan reveals big loss as sales double ahead of HK IPO

It joins smartphone maker Xiaomi Corp. in targeting an IPO in Hong Kong after the former British colony revised regulations to attract the major tech listings it’s lost out on in the past.

Alibaba said to buy out Baidu in China’s top takeout app

If the deal goes through, Alibaba and rival Meituan will dominate the Chinese food delivery market.

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