ByteDance has raised the annual target of its local life services business to 50 billion yuan ($7.4 billion), which is higher than the target set at the end of last year.
The leading two companies in the domestic food delivery industry – Meituan and Ele.me – are now promoting "group buying food" services, while keeping a low profile.
For people in Shanghai during the latest lockdown, informal community group buying is proving to be a more effective strategy for obtaining food than online grocery platforms.
चीन विज्ञान र प्रविधि विशालTencentहालै, अल्फाले एक सामुदायिक खरीद (सीजीबी) सानो कार्यक्रम "मजा लिनुहोस्" ("प्रतिभाशाली एन्जो) को WeChat मा परीक्षण गर्यो।
Giant tech na TsinoTencentKamakailan lamang, sinubukan ni Alpha ang isang maliit na programa ng pagbili ng grupo ng komunidad (CGB) na "xiéngtuán" sa WeChat.
On Wednesday, Chinese web retail and services platform Meituan announced a new round of adjustments, including the establishment of a special group to make decisions regarding all retail-related businesses.
Chengxin Youxuan, a community group-buying grocery unit backed by Chinese ride-hailing platform Didi, began to scale back its business operations to nine provinces in only three regions, LatePost reported on Tuesday.
ChengXin YouXuan moved its headquarters to Beijing and Hangzhou at the end of July. The firm then cancelled the extra salary of employees and shifted its main goal from pouring money into business growth to pursuing profits.
