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Meituan’s first global push


Oct 10, 2022 , ,
Meituan обдумывает первый глобальный толчок, поскольку рост Китая замедляется

The company aims to expand into the international market.

As local development slows, Meituan, a major Chinese food delivery service, is looking into expanding into Hong Kong and foreign markets.

Growth in China slowed down for almost all major companies.

The startup first intends to enter the Hong Kong food delivery sector, though plans are still in the early stages and are subject to change.

Nearly all of China’s biggest consumer technology firms saw a slowdown in market expansion as the economy lost momentum and there was less room for future growth due to the government’s heightened focus on big tech.

Tony Qiu, Meituan’s new CEO, will oversee the business’s global initiatives.

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