Fear of missing out fuels Chinese instant commerce bids, as reality bites Hong Kong AI stock bubble
"There's no way that this acquisition could help them rebuild their image strongly enough that they could eventually do a listing in the U.S." (speaking on why some Hong Kong-listed…
Who needs Dingdong? Alibaba answers Meituan with super-sized Pupu bid
Alibaba is reportedly offering $1.5 billion for regional online grocer Pupu, more than double the $600 million offered by a previous bidder Key Takeaways: Alibaba is reportedly bidding $1.5 billion…
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…
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