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Ele.me CEO Yu Yongfu addresses rumors of potential acquisition by ByteDance’s Douyin

In a message to all employees, Yu Yongfu, CEO of Ele.me, sought to quash the rumors before they escalate further.

4 mins read
  • With Meituan in the lead, Douyin posing a challenge, and other contenders striving to catch up, the jury is still out on the future state of China’s local lifestyle sector.

    Insights

    In a battle between Meituan and Douyin, who will prevail?

    10 mins read

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