Tag: Chinas
Written by Linda D. MohlerNovember 27, 2021
China’s Meituan Lowers Outlook for Its Food Delivery Business | Technology News
Food & Cooking News Article
SHANGHAI (Reuters) -China’s Meituan on Friday forecast a weaker outlook for its core food delivery business next year, after a 3.4 billion yuan ($532.24 million) fine pushed it to report its largest-ever quarterly loss in three years. Tencent-backed Meituan said last month it had been fined by China’s market regulator https://www.reuters.com/legal/litigation/chinese-delivery-giant-meituan-handed-527-mln-antitrust-fine-2021-10-08 an amount that equated
Written by Linda D. MohlerNovember 7, 2021
China’s Delivery Riders On The Edge
Food & Cooking News Article
Handing over a piping hot meal at exactly the time promised, Chinese food delivery driver Zhuang Zhenhua triumphantly tapped his job as complete through the Meituan app — and was immediately fined half of his earnings. A glitch meant it inaccurately registered him as being late and he incurred an automatic penalty — one of
Written by Linda D. MohlerApril 19, 2021
China’s Meituan seeks firepower boost with $10bn of new capital
Food & Cooking News Article
HONG KONG — Chinese food delivery company Meituan is raising $10 billion from a sale of stock and convertible bonds as it bolsters its firepower against Alibaba Group Holding in the emerging battlefield of community-group buying. Meituan, in which Tencent Holdings holds a 7.6% stake, plans to use the new funds for the development of
Written by Linda D. MohlerMarch 26, 2021
China’s Meituan reports quarterly loss as it expands into new area
Food & Cooking News Article
Bloomberg Turkey’s Central Bank Chief May Have Little Time to Repair Trust (Bloomberg) — If the experience of Sahap Kavcioglu’s most recent predecessors is any indication, Turkey’s new central-bank chief has little time left to win back the trust of foreign-exchange traders — or he may lose it forever.In the past three instances when President
Written by Linda D. MohlerOctober 4, 2020
China’s War on Uighur Culture
Food & Cooking News Article
How do you protect a culture that is being wiped out? For Uighurs, this is more than just a hypothetical. Repressive measures against the ethnic minority have progressively worsened: the Chinese government has corralled more than 1 million of them into internment camps, where they have been subjected to political indoctrination, forced sterilization, and torture.
Written by Linda D. MohlerAugust 12, 2020
China’s Xi Says Nation Needs to Put an End to Soaring Food Waste
Food & Cooking News Article
(Bloomberg) — China’s President Xi Jinping urged his country to take immediate measures to stop food waste from growing, especially at a time when the nation’s grappling with the coronavirus pandemic. The Chinese leader said the issue of food waste is “shocking and distressing,” and highlighted the importance of maintaining food security as the virus