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China's Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan’s market cap in 2023. ....

Hong Kong , United States , Jerry Chao , Feifei Shen , Shao Hui Chen , Blueshirt Group , Hong Blue Lotus Research Institute , Blue Lotus Research Institute , Southern California , Alibaba Owned Ele , Kong Based Blue Lotus Research Institute , Phui Chen , Hong Kong Listed , Momentum Works , Momentum Work Jerry Chao ,

China's Meituan has lost $82 billion in market cap on fears over rising competition, slowdown in food delivery business

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan’s market cap in 2023. ....

Hong Kong , New York , United States , Feifei Shen , Shao Hui Chen , Jerry Chao , Blueshirt Group , Blue Lotus Research Institute , Hong Blue Lotus Research Institute , Alibaba Owned Ele , Kong Based Blue Lotus Research Institute , Phui Chen , Hong Kong Listed , Momentum Works , Momentum Work Jerry Chao ,

Meituan lost $82 billion in market cap on slowdown fears, more competition

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023. ....

Hong Kong , Feifei Shen , Shao Hui Chen , Jerry Chao , Blueshirt Group , Blue Lotus Research Institute , Hong Blue Lotus Research Institute , Alibaba Owned Ele , Kong Based Blue Lotus Research Institute , Phui Chen , Hong Kong Listed , Momentum Works , Momentum Work Jerry Chao , Food And Drink , Asia Economy , Breaking News Technology , Alibaba Group Holding Ltd , Business News ,

How Luckin Coffee overtook Starbucks as the largest coffee chain in China

Luckin Coffee hit 10,000 stores in China in June, surpassing Starbucks as the largest coffee chain brand in the country following rapid nationwide expansion. ....

San Diego , United States , New York , Guo Jingyi , Rahul Maheshwari , Jianggan Li , Vivian Leung , Kweichow Moutai , Shawn Yang , Jian Liu , Jenny Zhiya Qian , Blue Lotus Research Institute , Exchange Commission , Luckin Coffee , Momentum Works , Coconut Palm , Zhiya Qian , Chief Executive Guo Jingyi ,

Chinese EV Billionaire He Xiaopeng's Xpeng Wins Volkswagen Support Amid Turnaround Efforts

Shares of the dual-listed company jumped more than 30% in morning trading in Hong Kong on Thursday after surging as much as 40% in New York overnight. ....

Hong Kong , New York , United States , Yale Zhang , Ralf Brandst , Blue Lotus Research Institute , Automotive Foresight , Xpeng Shares , Xpeng Stock , Xpeng Price , Xpeng Ev , Xpeng Car , Xpeng China , China Ev , Tesla Stock , Tesla Price , Tesla Shares ,