‘We decided to flip the script’

Everyone is getting a piece of the pie. Customers who leave a gratuity for their Domino’s delivery driver now have more of an incentive to do so: they’ll get a tip right back from the company. The pizza chain is rolling out a new initiative, called “You Tip, We Tip,” starting Monday, April 29, when … Read more

‘Good intentions’: China’s canteens for seniors are losing money and shutting down from lack of demand

CCTV said six of a total of nine canteens had folded “due to losses” in a district in a central province, but did not name the exact location. Further investigation revealed that over 60 per cent of the province’s community canteens were running at a loss, according to the report. Workers prepare food at a … Read more

Meituan’s fourth-quarter revenue jumps on strong orders, while losses from new initiatives narrow further

The Beijing-based company posted 73.7 billion yuan (US$10.2 billion) in revenue for the three months ended December 31, better than the 72.7 billion yuan consensus estimates according to analysts surveyed by Bloomberg. Quarterly net income came in at 2.22 billion yuan, compared with a net loss of 1.08 billion yuan a year earlier. For the … Read more

Pizza Hut offering ‘Goodbye Pies’ to help couples break up for Valentine’s Day

Need to passive-aggressively dump your significant other before Valentine’s Day? Pizza Hut has you covered. On Tuesday — known as “Red Tuesday” for its popularity as a date for couples to split a week before Valentine’s Day — the restaurant chain kicked off a heartbreak-inducing promotion offered to customers in select cities. Through February 14, … Read more

New York’s minimum-wage bump goes into effect — here’s how much Big Apple workers will be making

New York’s minimum-wage workers had more than just a new year to celebrate on Monday — as the ball drop ushered in a series of annual pay bumps that took effect when the clock struck midnight. The minimum wage in New York City, Long Island and Westchester County ticked $1 higher, from $15 to $16. … Read more

ByteDance sales surpass Tencent’s to reach US$110 billion as TikTok owner pushes into e-commerce

ByteDance’s sales surged in 2023 to more than US$110 billion, according to people familiar with the matter, potentially overtaking arch-foe Tencent Holdings in a sign TikTok’s fledgling e-commerce business is driving growth at a time of economic malaise. The world’s most valuable start-up’s growth broadly matched the 30 per cent pace it managed in 2022, … Read more

Personal mobility aid sellers could take months to adjust speed limits, sell off old stock

Mr Chew told CNA that Falcon Mobility would need six months to comply with a reduced speed limit for PMAs.  About 20 per cent of their electric wheelchairs and 75 per cent of mobility scooters are above the threshold and have maximum speeds of up to 10kmh, he said. Depending on the device, Falcon Mobility … Read more

China’s Big Tech market cap rankings see shake up as NetEase overtakes Meituan for No 4 spot

China’s Big Tech landscape continues to undergo seismic shifts, with video gaming and news portal NetEase overtaking food delivery giant Meituan as the country’s fourth most valuable listed technology company, after Tencent Holdings, PDD Holdings and Alibaba Group Holding. NetEase’s market cap stood at HK$563.2 billion (US$72.1 billion) in Hong Kong on Thursday, compared with … Read more