SHANGHAI (Reuters) -China's leading food delivery group Meituan posted an 89% drop in second-quarter adjusted net profit on Wednesday, hit by rising competition in the so-called instant retail sector, ...
Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets. By Zixu Wang Reporting from Hong Kong In ...
SINGAPORE, Oct 13 (Reuters) - A record number of Chinese restaurants and cafes have flooded Singapore over the past year, using the island as a test bed for global expansion as they escape pallid ...