Shares of online-delivery giant Meituan tumbled 15% after Chinese authorities said online food-delivery platforms should reduce the fees they charge businesses
Chinese authorities on Friday said the country’s online food-delivery platforms should reduce the fees they charge businesses, sending shares of industry giant Meituan plummeting to their lowest level in more than a year.
Meituan, one of China’s most valuable internet-platform companies, operates a mobile app that hundreds of millions of people use to order food. Its shares tumbled 15% in Friday afternoon trading in Hong Kong to their lowest close since July 2020. The drop shaved $26 billion off Meituan’s market capitalization, taking it to the equivalent of about $148 billion, according to FactSet.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Your next food delivery order could be dropped straight into your yard via droneRight next to a shopping center on a small plot of grass, a team is loading up food orders and delivering them right into people’s backyards. No cars, just air.
Lire la suite »
South Shore Restaurant Ditches Food Delivery Apps Made Popular During The Pandemic; 'I'm Not Making Money'“I think we’d be better off taking those dollars towards local advertisers that we have a better relationship with, as opposed to someone who's not invested in our community.'
Lire la suite »
An Oral History of Feeding Austin Through the 2021 Texas FreezeFrom local restaurant veterans to library-associates-turned-city-disaster-responders, these are the stories of those who fed Austin during last year’s historic winter storm (via EaterAustin)
Lire la suite »
Adams scraps expansion of organics recycling, despite campaign promiseMayor Adams is halting a planned expansion of NYC’s curbside organic recycling program, representing a reversal from the mayor’s promises on the campaign trail, in which he repeatedly touted universal composting as a key tenet of his climate agenda.
Lire la suite »
Food Delivery Driver Shot On Busy Center City Street After Parking Dispute, Philadelphia Police Say‘I hate to say it, but living in Philadelphia right now, this is going on all the time.’ Police say a food delivery driver was shot in Center City on Thursday after an argument ensued due to him double parking on Chestnut Street. MattPetrillo reports.
Lire la suite »
Leftover food from the Super Bowl to feed thousands at LA MissionWhat happens with all the leftover food and materials after the Super Bowl leaves town? The LA Mission is one of several nonprofits working to make sure nothing goes to waste.
Lire la suite »