Meituan

Chinese food delivery giant Meituan said on Thursday that it is acquiring artificial intelligence (AI) company Light Year from its co-founder and former director Wang Huiwen, in a bid to develop its own generative AI.The deal comes at a…

BEIJING/SHANGHAI : Chinese tech giant Meituan plans to restructure its ride-hailing service and reduce the number of staff it has working on the platform, according to an internal letter seen by Reuters on Monday and two sources. The…

Across five major e-commerce platforms' GMV, Alibaba's market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis.Str | Afp | Getty ImagesBEIJING — Alibaba was once the poster child for investing in…

From Alibaba to Tencent, China’s largest companies are once again at the center of a market storm, spurred by speculation that Beijing is readying another assault on the world’s biggest internet arena.…

From Alibaba to Tencent, China’s largest companies are once again at the center of a market storm, spurred by speculation that Beijing is readying another assault on the world’s biggest internet arena. Three of China’s most valuable…

Investors in Chinese technology stocks hoping to catch a break after last year’s brutal crackdown are finding themselves dodging new curveballs instead. Chinese food-delivery giant Meituan is the…

BEIJING: Chinese tech giants including Alibaba Group and Tencent Holdings were fined Saturday for failing to report corporate acquisitions, adding to an anti-monopoly crackdown by the ruling Communist Party. The companies failed to report…

Meituan, one of China's biggest food delivery firms, has been under fire, with particular scrutiny paid to the working conditions of its millions of delivery drivers.…

China fined the food-delivery giant Meituan $530 million for antitrust violations on Friday, the second major penalty this year in Beijing’s efforts to bring the country’s big internet companies to heel.The government’s campaign has been…

BEIJING : Chinese food delivery giant Meituan has published the rules showing how algorithms estimate the time it takes delivery workers to complete jobs and said it was adjusting them, after the government urged firms to improve…