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The Latest Breaking News from Meituan

Party's Over: China Tells Alibaba, Meituan, JD To Stop Bleeding

On Friday, China’s State Administration for Market Regulation (SAMR) called upon three of the country’s leading food delivery platforms: Alibaba Group’s (NYSE:BABA) Ele.me, Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD). The regulator urged these companies to adopt more “rational” competitive practices amidst an escalating price war within the sector.

Benzinga

Meituan Cries 'Irrational!' As Alibaba Escalates Delivery Battle

Alibaba Group (NYSE:BABA) escalated China’s instant delivery price war by launching a massive 50 billion Chinese yuan subsidy program for consumers and merchants on its Taobao Shangou platform, intensifying an already cutthroat battle for market share against JD.com (NASDAQ:JD) and Meituan (OTC:MPNGY).

Benzinga

Alibaba Intensifies Instant Delivery Fight With New Campaign

Chinese e-commerce juggernaut Alibaba Group Holding (NYSE:BABA) is intensifying its efforts in China’s fiercely competitive instant delivery market by launching a new 100-day Super Saturdays campaign under its Taobao Shangou brand.

Benzinga

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Alibaba Bleeds Billions As Delivery Price War Erases $100 Billion In Market Value

Alibaba Group Holding (NYSE:BABA) matched its record of 80 million on-demand deliveries on Saturday, intensifying its competition with Meituan (OTC:MPNGF) (OTC:MPNGY) and JD.com (NASDAQ:JD) in China’s high-stakes quick-delivery market.

Benzinga

Move over, Magnificent 7: Goldman Sachs proposes the 'Prom 10,' China's top stocks including Tencent, Alibaba and BYD

Goldman Sachs recently highlighted 10 different Chinese stocks that it thinks are best poised for growth. Together, they make up the “Prominent 10."

Fortune

China's army of food delivery drivers get by with help from discount 'loving meals'

More and more of China's migrant workers are choosing to work in the gig economy

The Independent UK

Humanoid workers and surveillance buggies: ‘embodied AI’ is reshaping daily life in China

China’s leaders see artificial intelligence as key to upgrading military strength, solving problems created by a shrinking workforce, and a source of national pride

The Guardian - UK

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Beyond DeepSeek: 4 Chinese ETFs for AI & Tech Exposure

This article covers four major Chinese tech ETFs that can provide readers with exposure to developing AI technology with diversification.

MarketBeat

Global Markets Rise On Positive Investor Sentiment

Global markets show positive momentum post-Trump's Treasury secretary nominee announcement. European and Asian shares rise, while tech stocks face challeng...

Top News

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Barchart

S&P Futures Tick Higher as Investors Await Key U.S. GDP Data, Salesforce Earnings on Tap

December S&P 500 futures (ESZ23) are trending up +0.31% this morning as market participants geared up for a slew of U.S. economic data while also awaiting earnings results from notable cloud sector players Salesforce and Snowflake.

Barchart

S&P Futures Climb as Investors Await Key U.S. GDP Data, Salesforce Earnings on Tap

December S&P 500 futures (ESZ23) are trending up +0.50% this morning as market participants geared up for a slew of U.S. economic data while also awaiting earnings results from notable cloud sector players Salesforce and Snowflake.

Caixin Global

China’s Internet Majors Downsize to Weather Business Headwinds

Survey finds that six of the 10 biggest players slashed payrolls last year, including Tencent, Meituan and Alibaba

Businessweek

ByteDance Wants to Build an Everything App to Rival WeChat

The company behind TikTok aims to provide food delivery, travel bookings and whatever else people want.

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The Guardian - UK

Surge in strikes at Chinese factories after Covid rules end

Action by workers has trebled this year as the country emerges from its draconian coronavirus measures

Caixin Global

Meituan Muscles In on Livestreaming E-Commerce With Inaugural Event

Some $12.5 million in coupons were sold during a marketing extravaganza that included an 11-hour livestream shopping show, featuring brands such as Luckin Coffee and budget boba tea chain Mixue Bingcheng

Caixin Global

Meituan’s Billionaire Co-Founder Trims Li Auto Stake in $53 Million Sale

Wang Xing offloaded about $53.3 million worth of shares in the Chinese EV-maker last month, but remains its biggest external shareholder

Caixin Global

Weekly Must-Read: TikTok’s Chinese Twin Is Taking On Alibaba and Meituan for E-Commerce Market Share

Like ByteDance’s TikTok, the Douyin video sharing app deploys live-streaming in the competition for consumers in the online marketplace

Al Jazeera

China’s top tech dealmaker Bao Fan goes missing

The billionaire investment banker is unreachable, according to the investment bank he founded.

Caixin Global

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

The Japan News/Yomiuri

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

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