China’s corporate pivots: Alibaba’s food delivery gambit and WuXi AppTec’s geopolitical hedge
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
NEWS WRAP: Alibaba to roll Ele.me into newer Taobao Instant Commerce
The e-commerce giant will retire the meal delivery brand more than a decade after Ele.me revolutionized the sector using GPS location-based technology By Doug Young E-commerce giant Alibaba Group Holding…
BRIEF: Meituan’s Keeta enters Dubai, its third Middle East market in 40 days
Food delivery giant Meituan’s (3690.HK)Keeta international delivery brand officially launched in Dubai on Saturday, according to its official WeChat account. The move comes after Keeta entered Qatar in August and…
China’s state-driven stocks, and its corporate wars abroad
China's stock market rally is fast approaching its one-year mark, with the benchmark Hang Seng and Shanghai composite indexes both up around 40%. How much longer can it last, especially given the weak state of China's economy? And internet giants Meituan and DiDi have sued each other in Brazil, where they are competing in the takeout dining market. How is this case likely to end up?
Meituan drives to Brazil in search of growth, only to crash into Chinese rival DiDi
The two Chinese internet giants have sued each other in South America’s largest nation over unfair competition related to their food delivery businesses Key Takeaways: Meituan and DiDi filed lawsuits…
Alibaba turns up its ‘instant retail’ game
The merger of its Ele.me service with its core e-commerce business marks a new stage in the e-commerce giant’s three-way “on-demand retail wars” with Meituan and JD.com Key Takeaways: Alibaba…
Starbucks seeks a China partner, and vaping looks to diversify
Starbucks sends invitations for buying part of its China operations. And vaping companies are scrambling to diversify production.
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Alibaba turns up its ‘instant retail’ game
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Starbucks seeks a China partner, and vaping looks to diversify
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