Apr.26 -- China has launched an investigation into suspected monopolistic practices by food-delivery behemoth Meituan. Tom Mackenzie reports on "Bloomberg Markets: Asia.
Apr.26 -- China has launched an investigation into suspected monopolistic practices by food-delivery behemoth Meituan. Tom Mackenzie reports on "Bloomberg Markets: Asia.
Chinese regulators are taking an even closer look at Meituan, an app that lets users order a variety of services that include meal delivery as well as hotel, flight, taxi and restaurant bookings. On M
Food delivery behemoth Meituan has raised $10 billion in a stock and convertible bonds sale, underscoring strong investor faith in the growth prospects of some Chinese tech firms despite a regulatory
Apr.19 -- Meituan raised about $10 billion from the sale of new stock and convertible bonds as it doubles down on efforts to fight the likes of Alibaba Group Holding Ltd. in newer areas such as online
The Chinese delivery leader Meituan is aiming to raise roughly $10 billion to compete with companies like Alibaba. According to Bloomberg, Meituan is looking to raise this revenue by selling stock and
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Chinese tech giants fell on Wednesday after a report out of Bloomberg said the Chinese government is considering a state-backed company to oversee tech company's data collection. Shares of Alibaba, JD
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China's central bank said Alibaba's fintech affiliate Ant Group is drafting a plan to set up a financial holding firm, and that the company should ensure that all its financial operations are under re
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