Meituan halts Tuanhaohuo unit

Meituan has suspended Tuanhaohuo, its B2C e-commerce business, to focus on developing new retail models, according to an internal memo. Launched in 2020, Tuanhaohuo explored parcel-based retail but fell behind in the shift toward quick commerce. Meituan said it will reassign affected staff as it expands its Shangou and Xiaoxiang Supermarket services nationwide.