on-demand local services

ByteDance-owned TikTok explores local services markets in Indonesia and Thailand

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ByteDance-owned TikTok explores local services markets in Indonesia and Thailand

TikTok, the global hit short video platform owned by ByteDance, is set to jump into Southeast Asia’s local services sector, initially enabling users in Indonesia and Thailand to obtain vouchers for restaurants, flights and hotels via links on their feeds. Restaurants owners and merchants in those two countries are being encouraged to join the social … Read more

Chinese food delivery giant Meituan beats estimates to post 25% quarterly revenue increase

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Chinese food delivery giant Meituan beats estimates to post 25% quarterly revenue increase

Meituan, China’s biggest on-demand services provider, on Thursday reported a higher-than-expected 25 per cent year-on-year increase in first-quarter revenue, boosted by gains from its core local commerce operations led by food delivery. The Beijing-based company posted revenue of 73.3 billion yuan (US$10.1 billion), up from 58.6 billion yuan in the same period last year, as … Read more