On-demand Services

Nice Tuan experienced huge growth during the pandemic outbreak in China as people relied on grocery delivery.

Expanding to numerous sectors these years, Meituan is feeling increasing pressure from Alibaba’s local life service push.

The company raised a total of USD 1.5 billion in venture capital funds to back its growth.

But the company still managed to beat analyst revenue expectations.

Indonesians are building platforms to distribute protective equipment, direct peer-to-peer donations, and offer free courses during the COVID-19 crisis.

The on-demand delivery giant is expanding to other local life services as it aggressively marches into the power bank sharing business.

The layoff plan will affect about 500 employees in charge of research and development.

“The decision is out of my expectations,” said Luckin’s chairman Lu Zhengyao.