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China’s Meituan, Alibaba Enjoy a Boom in ‘Instant Retail’ Deliveries
asiafinancial.com/chinas-meituan-alibaba-enjoy-a-boom-in-instant-retail-deliveries
China’s “instant retail” sector – which refers to online purchases delivered within an hour – is booming.
Leading food delivery group Meituan reported a first-quarter net profit of 10.9 billion yuan ($1.52 billion), up 46% from 5.2 billion yuan in the same period a year ago, while…
This story appeared on asiafinancial.com, 2025-05-26 11:09:48.