Beijing’s ‘Big Tech’ Crackdown Continues With Anti-Trust Probe Into Food-Delivery Giant

The probe reportedly resulted from a public tip. Though it’s not yet known how long the investigation will last, it’s worth remembering that the Alibaba probe was launched on Christmas Eve of last year, and ended earlier this month. Meituan has pledged to cooperate (though of course it has little choice in the matter). “The company …

Chinese Food Deliverer Meituan Is Learning Quickly From Early Mistakes

As long as Meituan Dianping is posting operating losses, any revenue figure that beats analyst estimates is irrelevant. That’s what happened late Monday. Fourth-quarter revenue of 19.8 billion yuan ($2.95 billion) surpassed even the highest of expectations, yet operating loss almost tripled to 11.1 billion yuan. Now that it’s a public company, the Chinese provider of food delivery, …

Food delivered to the doorstep is not so cheap in China anymore

A big selling point of ordering food to the doorstep in China is price, which, in the early years, could be much cheaper than eating in-house. That’s arguably indulged a demographic of lazy, indoorsy eaters, but that may not last for much longer. Over the past few months, users in China have noticed incremental price …

Alibaba moves to gobble up China-based food delivery startup Ele.me in full

Alibaba’s 2018 investment spree looks set to continue after it made a push to buy Ele.me, the food delivery startup from China that it has invested in, in full. Bloomberg reported yesterday that Alibaba plans to purchase the roughly-60 percent of Ele.me that it currently doesn’t own from the other investors, which include search giant Baidu. TechCrunch has …