Heavy subsidy spending in China’s food-delivery battle led Meituan to report a 19.8 billion yuan ($2.7 billion) operating loss in the third quarter of 2025, its largest since listing. Alibaba’s ...
Meituan, the Chinese food delivery giant, tested its global expansion in Hong Kong, where its Keeta service displaced a rival before moving to other markets. By Zixu Wang Reporting from Hong Kong In ...
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