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Meituan Shangou, its quick commerce business, could play a significant role in its strategy to counter competition from main rival Douyin.

The leading Chinese operator is eyeing expansion into other markets.

Tied to the fortunes of SoftBank’s Vision Fund, the tech sector must now sink or swim.

JD.com has responded differently to Pinduoduo’s meteoric rise compared to mutual rival Alibaba, with its approach appearing to yield positive returns.

With heavyweight Douyin encroaching on its market share, Meituan cannot afford to remain in autopilot mode.

Whether Alibaba sells those businesses or not, it’s growingly evident that the Chinese tech giant is shifting its focus from new retail back to e-commerce.

In a message to all employees, Yu Yongfu, CEO of Ele.me, sought to quash the rumors before they escalate further.

The president of Meituan’s in-store business candidly discussed the company’s prospects in his new year’s message, addressing the challenges posed by competitors like Douyin.