Meituan

Chinese startups Xingsheng Youxuan and Nice Tuan are raising funds to compete with the likes of Meituan, Pinduoduo, and Didi.

Almost half of the Chinese netizen population, or about 490 million customers, had ordered food online in 2020.

Despite regulatory concerns and intense competition, Meituan is doubling down on its community group-buying business.

The grocers were penalized for selling below cost and misleading consumers.

Here’s a comprehensive walkthrough of China’s e-grocery business operations.

The battery-sharing market is expected to increase 70.2% this year to exceed USD 2.25 billion.

More digital companies dump new businesses under government pressure.

Although group-buying has been around in China way before the COVID-19 pandemic, the sector enjoyed renewed popularity thanks to social distancing measures.