On-demand Services

The trading day following the firm’s admission of financial fraudulence, Luckin lost nearly USD 5 billion in market value.

Meituan made total revenues of USD 4 billion in the fourth quarter of 2019, representing a 42.2% year-on-year increase.

Chinese tech companies aim to share their experience and solutions while attracting overseas users.

Lalamove became a unicorn firm in 2019 after its USD 300 million Series D round.

GrabMart and GrabAssistant services will be extended to more cities across the region to provide alternative sources of income for drivers.

In a press release, the startup said it has “discovered numerous irregularities that call for further investigation.”

The online delivery market is attracting new providers as demand rises.

The move is due to “business adjustment” and will take effect since May 31.