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 …

Meituan Shows You Can Make (Adjusted) Food Delivery Profit

This morning Meituan Dianping announced its third-quarter results, including 44.1 percent revenue growth to 27.5 billion RMB ($3.91 billion), and post-tax profit of 1.3 billion RMB ($189.1 million). Meituan improved from stiff year-ago losses on both an operating and net basis, making its growth and incomes all the more notable. The company, which provides deals, reservations, and on-demand …

The World’s Greatest Delivery Empire

In Beijing, it’s often cheaper to have food delivered than to get it yourself. Like, way cheaper. Abey Lin, a 19-year-old Californian studying at Beijing Film Academy, uses his smartphone to order a local restaurant’s roast duck dish for 20 yuan ($2.99), about 80 percent less than it costs at the register, via delivery app …

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 …