BRIEF: JD.com takes 15% of China’s takeout dining market a year after entering
JD.com Inc. (JD.US; 9618.HK) received over 240 million orders in the first year after launching its takeout dining service, giving it more than 15% of the market, Caijing Tuya reported…
Survival and protectionism: Dingdong surrenders to Meituan as India blocks a Chinese buyout
Dingdong to sell its China business to Meituan for $717 million. And India kills a Chinese private firm's acquisition.
Dingdong checks out of China instant commerce wars with sale to Meituan
One of the country’s oldest online grocers will sell itself to its larger rival for $717 million, in one of the largest such sales to date in a fast-evolving Chinese…
East Buy rides into China’s instant commerce war zone
The e-commerce company’s move is the latest development in its gradual transformation into an online version of Costco and Sam’s Club Key Takeaways: East Buy is building up same-day delivery…
