China's leading food delivery group Meituan on Monday reported a 46% rise in first-quarter net profit but warned that the second quarter would likely be hit by increased competition in so-called ...

Alibaba, which operates the second-largest food delivery app, Ele.me, has also moved to increase its bets on the instant retail space. Meituan has nearly 70 per cent of the delivery market ...

SHANGHAI, May 26 (Reuters) - China's leading food delivery group Meituan ... Meituan has nearly 70% of the delivery market, Morningstar analysts said. Defending that customer base could prove ...

Credit: KeeTa Chinese on-demand giant Meituan is bringing its food delivery brand Keeta to Brazil ... Meituan shares fell 4% in Hong Kong on Tuesday following broader market shifts.[iThome, in Chinese ...

With Everyday, the food delivery giant realized that the need for homely ... This was Zomato’s second attempt to crack the quick food delivery market. Its earlier service– Zomato Instant ...

Delivery Hero's current market capitalization is close to the value ... Also, the growing consolidation and changing sentiment in the food-delivery sector should help change the sentiment.

Alibaba Group has added a new rapid-delivery feature to its shopping platform, the e-commerce giant's latest ... demand delivery market. Beijing-based JD.com, a newcomer in food delivery, has ...

The proposed deal comes a few months after technology investment company Prosus agreed to buy food delivery giant Just Eat ... company decided to exit that market. Ronald Josey of Citi Investment ...

Deepinder Goyal, Zomato’s co-founder and Group CEO, will take over the role, marking a significant leadership shift at the food delivery giant. Ranjan, who was appointed as CEO of Zomato’s ...

The e-commerce giant entered the food delivery market with a "zero commissions" promise, challenging the dominance of Meituan and Ele.me. Chinese e-commerce giant JD.com highlighted anti ...

China's food delivery sector has long been dominated by giant Meituan, with Alibaba-owned Ele.me the second-largest player in the country based on market share. Meituan and Ele.me did not ...