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Meituan released its Q2 financial results on Monday. The State Administration for Market Regulation announced on the same day that it had investigated Meituan's failure to report its acquisition of Mobike in accordance with the law.
The State Administration for Market Regulation continues to strengthen supervision over competition and pricing in the field of the sharing economy.
Beijing-based local e-commerce platform Meituan announced on Wednesday its recent efforts and achievements in helping the elderly, assisting delivery drivers and green consumption in its "2021 Corporate Social Responsibility Report."
On Friday, Chinese telecom giant JD.com announced the implementation of third-party access to the digital RMB system on its platform.
The relevant person in charge of the short video sharing platform Douyin responded that there is no takeaway-related business plan at present.
With several top players withdrawing from the competition, the bloated market is entering a new phase of consolidation.
Meituan on Thursday announced that, in order to help travelers in the next round of epidemic prevention and control, the company has upgraded its assurance services for orders affected by the pandemic.
Reports show the impact of the Covid pandemic has basically been eliminated and the advertising market is rapidly rebounding.
Community group buying platform Nice Tuan had shut down all of its operations in cities across the country. The company has entered an aftermath stage in which it is dealing with payments to suppliers and settlements with employees.
On Friday, the new dairy brand Adopt A Cow announced its completion of a round B of financing, which was led by Meituan Dragonball.
Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($150 million) in its Series A financing round, entering the ranks of other unicorn companies.
The three-year exclusive cooperation between Starbucks and Ele.me will expire on December 31 this year. As a result, Starbucks is seeking new partners in the Chinese mainland market.