Tag: delivery
Written by Linda D. MohlerFebruary 23, 2022
Market over-reacted to proposed lowering of fees for Chinese food delivery platforms
Food & Cooking News Article
© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly Song BEIJING (Reuters) -China’s state-run Economic Daily newspaper said on Wednesday the market had over-reacted to the government’s guidance that food delivery platforms
Written by Linda D. MohlerFebruary 19, 2022
Chinese food delivery giant slumps on new fee-cut measures
Food & Cooking News Article
Food delivery giant Meituan has hundreds of millions of customers in China – Copyright AFP GREG BAKER Shares of Chinese food delivery giant Meituan slumped Friday as Beijing released new guidelines instructing internet platforms to lower fees for struggling eateries. The guidelines, published by China’s top economic planner, aim to support a service sector hit
Written by Linda D. MohlerDecember 7, 2021
Chinese food delivery worker attacked with brick, kicked in the face in NYC robbery
Food & Cooking News Article
A Chinese food delivery worker was hit in the head with a brick before being beaten up and robbed of his possessions by a pair of muggers in New York City late last month. What happened: The victim, 53, was bringing his bike into a building on East 165th St. when the attack occurred at
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. MohlerOctober 8, 2021
Chinese Delivery Giant Meituan Handed $527 Million Antitrust Fine | Investing News
Food & Cooking News Article
BEIJING (Reuters) -China’s antitrust regulator has fined food delivery giant Meituan 3.4 billion yuan ($527.4 million) for abusing its dominant market position, the watchdog said on Friday, the latest penalty in Beijing’s clampdown on online platforms. The fine equates to 3% of the company’s domestic sales in 2020, the regulator said, adding that Meituan should
Written by Linda D. MohlerSeptember 18, 2021
Chinese delivery giants Meituan, Ele.me pledge to not force drivers to register as independent businesss By Reuters
Food & Cooking News Article
© Reuters. SHANGHAI (Reuters) – China’s online food delivery giants Meituan and Ele.me both said this week they will not force couriers who do work for them to register as independent businesses, a bone of contention amid ongoing scrutiny of the food delivery sector. The promise comes as part of a broader push from regulators
Written by Linda D. MohlerSeptember 2, 2021
This Chinese Delivery Leader Is Taking Aim at Didi, Pinduoduo, and Alibaba
Food & Cooking News Article
Many Chinese technology stocks have come under pressure over the past few months, with several down 30%, 40%, or even 50% or more. The Chinese Communist Party has been cracking down on the technology sector’s meteoric rise, and is now asserting control over its growing digital economy in a stronger way. But investors may now
Written by Linda D. MohlerJuly 26, 2021
Chinese market regulator strengthens protection for food delivery workers
Food & Cooking News Article
BEIJING (Reuters) -Food delivery platforms in China are being pushed to guarantee their workers with income above minimum pay, insurance and a relaxation in delivery deadlines, under a set of reforms announced on Monday by China’s market regulator. The guidelines were issued by the State Administration for Market Regulation along with six other administrative departments,
Written by Linda D. MohlerNovember 18, 2020
Outdoor eating winterization cash arrives as some drive for tougher Chicago prerequisites on third-celebration delivery applications
Food Chain Article
Mayor Lori Lightfoot on Thursday touted $500,000 the city’s receiving from cafe shipping and delivery enterprise DoorDash to winterize Chicago restaurants, while proposals by aldermen to further more crack down on these kinds of applications through the coronavirus pandemic languish in Metropolis Council committees. © Zbigniew Bzdak / Chicago Tribune/Chicago Tribune/TNS Mayor Lori Lightfoot visits
Written by Linda D. MohlerOctober 10, 2020
Lurie Children’s Hospital launches food shipping and delivery method
Food Delivery Article
Lurie Children’s Medical center has released a house food items delivery software for patients who may usually go hungry. The clinic received a $150,000 grant from the Cigna Basis to offer “reliable accessibility to nutritious food items for in excess of 100 households.” The software expands on an previously hospital’s initiative to tackle food items
Written by Linda D. MohlerOctober 9, 2020
Amazon-backed food shipping and delivery startup Deliveroo could be heading towards a 2021 IPO, Bloomberg experiences
Food Chain Article
Gerard Julien/Agence France-Presse/Getty Illustrations or photos Foods supply provider Deliveroo is exploring an preliminary general public providing for future year, according to studies. Load Error U.K.-centered Deliveroo is in talks with prospective advisers about going general public in 2021, according to private resources who spoke to Bloomberg, which reported that no last decisions have been
Written by Linda D. MohlerOctober 9, 2020
Metropolis council established to vote on capping costs of food stuff shipping and delivery apps
Food Chain Article
Denver Town Council handed a invoice on Monday that would cap the fees for third-occasion foods supply companies, like DoorDash, to 15%. DENVER — In particular throughout the pandemic, while dining rooms are closed and a lot more individuals are taking in at dwelling, local places to eat have arrive to count on 3rd-party food
Written by Linda D. MohlerOctober 9, 2020
I tried 5 meal delivery products and services and they doubled my typical food monthly bill
Food Chain Article
Individual Finance Insider writes about merchandise, techniques, and strategies to assistance you make clever conclusions with your dollars. We might get a small commission from our associates, like American Express, but our reporting and tips are always independent and objective. Ahead of the pandemic, I ate restaurant food items two to 3 times for every
Written by Linda D. MohlerOctober 9, 2020
Online Food stuff Delivery Applications: Why Are They So Much in Need?
Food Delivery Article
Except if you have been living under a rock, you are bound to be familiar with the concept of food items shipping applications. Not just normal, you are also probable to have used it since that is just how widespread they are. Let’s back up this assertion with some concrete numbers and stats: According to
Written by Linda D. MohlerOctober 9, 2020
Deaths of two food stuff shipping and delivery riders in Sydney throws highlight on gig workers’ circumstances
Food Delivery Article
The people of two food stuff shipping and delivery drivers who have been killed in road accidents in Sydney may possibly encounter monetary wreck because of to a deficiency of workers’ compensation or insurance policy for gig financial state staff. Dede Fredy, a 36-12 months-previous Uber Eats rider, and Xiaojun Chen, a 43-yr-aged employee for