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Meituan is winding down Youxuan in multiple regions while retaining operations in areas like Guangdong and Hangzhou. Staff are shifting to a new offli…

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<a href="/company/meituan">Meituan</a> is winding down Youxuan in multiple regions while retaining operations in areas like Guangdong and Hangzhou. Staff are shifting to a new offline retail project under Xiaoxiang Supermarket after internal reforms failed to curb losses or sustain GMV. The move marks Meituan’s latest pivot to reshape its retail strategy.

<a href="/company/tencent">Tencent</a> received approval from Guangdong regulators on June 23 to put its digital therapy app into clinical use for treating mild cognitive impairment. The gamified software targets six cognitive domains and will be prescribed by doctors as a non-drug intervention focused on memory, attention, and executive function.

<a href="/company/meituan">Meituan</a> is expanding Xiaoxiang Supermarket to all major Chinese cities, enhancing its supply chains by sourcing fresh goods from around 200 domestic production zones. The move coincides with Meituan’s overseas push, as Keemart begins pilot operations in Riyadh, Saudi Arabia.

<p data-start="424" data-end="748">China-based Neolix will pilot unmanned delivery vehicles in Incheon under a new agreement signed June 19, marking its entry into South Korea. The project, touted as the country’s first, is part of the firm’s broader expansion across 15 global markets targeting smarter logistics.</p>

<p data-start="216" data-end="588"><a href="/company/alibaba">Alibaba</a> folded food delivery platform Ele.me and travel site Fliggy into its e-commerce division on June 23, with both CEOs now reporting to Jiang Fan. The move reflects a broader push to unify consumer services and bolster Alibaba’s quick commerce strategy through deeper integration between Taobao Shangou and Ele.me.</p>

<a href="/company/gac">GAC Group</a> has opened a smart factory in Jakarta, marking a key step in its “One GAC 2.0” globalization strategy. The site reportedly features AI-powered manufacturing and supports the company’s effort to localize <a href="/industry/ev">EV</a> production in Southeast Asia. The plant anchors GAC’s Indonesia initiative and long-term plan to develop a local supply and service ecosystem.

Cainiao has launched a new logistics network connecting the six GCC countries, enabling parcel deliveries within the region in as little as three days. The service supports both cross-border and local <a href="/industry/e-commerce">e-commerce</a> fulfillment, marking a key step in Cainiao’s logistics expansion strategy.

<a href="/company/alibaba">Alibaba’s</a> Taobao Shangou and Ele.me logged over 40 million daily orders as of May 26, following a combined total of 60 million during the 618 shopping festival. Alibaba is now prioritizing quick commerce, aiming to reshape user behavior through subsidies, traffic allocation, and deeper platform integration.

<a href="/company/tesla">Tesla</a> has launched an invite-only robotaxi service in Austin, offering rides in self-driving Model Ys between 6 a.m. and noon (local time) for a flat fee of USD 4.2. The pilot is limited to a fixed area and includes a front-seat safety monitor but no active driver. It marks Tesla’s first rollout of a driverless ride service after years of delays and scrutiny.

<a href="/company/nvidia">Nvidia</a> and Foxconn are in talks to deploy <a href="/industry/robotics">humanoid robots</a> at a new plant in Houston, Texas, where Foxconn will produce Nvidia’s GB300 <a href="/industry/ai">AI</a> servers, sources said. If finalized, the site would mark the first use of humanoid robots on the production line for either company.

Meta held talks to acquire Perplexity AI before moving ahead with a USD 14.3 billion investment in Scale AI, sources said. The deal fell through, and Meta has since ramped up recruitment for its “superintelligence” team, including efforts to hire Perplexity CEO Aravind Srinivas and talent from DeepMind, OpenAI, and Safe Superintelligence.

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Meituan, China’s all-in-one local services platform, covers food delivery, travel bookings, and lifestyle deals, simplifying daily consumer choices.

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After cost cuts and subsidy rollbacks failed to yield profits, Meituan is scaling back Youxuan to focus on an offline retail initiative under Xiaoxiang Supermarket.

Meituan shutters Youxuan in several regions, shifts focus to offline retail

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Alibaba, China’s e-commerce giant, operates online retail marketplaces, cloud computing services, and digital payment networks across Asia and beyond.

Ele.me, a Chinese online food delivery platform, partners with local restaurants to provide fast, convenient dining options to urban consumers.

Ele.me

Taobao, Alibaba’s consumer-to-consumer marketplace, connects Chinese shoppers with diverse products, from fashion and electronics to everyday essentials.

Taobao

Logging over 60 million orders during the 618 festival, Alibaba’s flash sale drive is reshaping its e-commerce playbook.

Alibaba hits quick commerce stride with Taobao and Ele.me

How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

IPO filings, shutdowns, and a deepening price war signal the start of a high-stakes consolidation phase in outdoor robotics.

Meituan scales back Youxuan operations

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Meituan shutters Youxuan in several regions, shifts focus to offline retail

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