Meituan returns to profit as Q1 revenue beats estimates
Chinese food delivery giant Meituan on Thursday returned to net profit in the first quarter on forecast-beating revenue.
Source: dealstreetasia.com
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Meituan returns to profit as consumer spending rebounds in Q1 · TechNode
Chinese food delivery giant Meituan posted a net profit of RMB 3.36 billion ($486 million) in the first quarter of 2023.
Source: technode.com
ByteDance founder opens personal fund in Hong Kong · TechNode
The new investment fund signals a move by Zhang, who stepped down as CEO of ByteDance in 2021, to diversify his wealth.
Source: technode.com
Meituan faces new challengers in China's booming local life services sector · TechNode
Social media platform Xiaohongshu and ByteDance-owned TikTok sibling Douyin are among those making inroads into the local life services market
Source: technode.com
Founder of TikTok owner ByteDance Zhang Yiming makes fresh donation while keeping a low profile
The entrepreneur is adding nearly US$29 million to a charitable education fund in his hometown, his first bout of publicity since 2021.
Source: scmp.com