Beijing-based company

JD.com’s first-quarter sales beat estimates as price cuts pay off for e-commerce giant

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JD.com’s first-quarter sales beat estimates as price cuts pay off for e-commerce giant

The Beijing-based company said revenue rose to 260 billion yuan (US$36 billion) in the March quarter, from about 243 billion yuan a year earlier, on the back of electronics, home appliances, general merchandise and logistics services income. That was ahead of the 257.72 billion yuan average forecast from 21 analysts’ estimates compiled by the London … Read more

Meituan’s KeeTa app leads Hong Kong’s food delivery market by order volume in March quarter, surpassing rival Foodpanda

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Meituan’s KeeTa app leads Hong Kong’s food delivery market by order volume in March quarter, surpassing rival Foodpanda

The latest milestone achieved by KeeTa shows how Meituan’s first foray outside mainland China has started to pay off, as the company last year saw local consumption recover in its home market amid increased competition. A KeeTa delivery rider promotes the Meituan-owned food delivery platform in the streets of Mong Kok during the app’s local … Read more