Meituan says Covid-19 effect to extend beyond Q1 losses

By Emma Lee

Meituan Dianping reported smaller than expected losses in the first quarter as a result of the Covid-19 outbreak, sending its share prices up more than 8% in Tuesday trading.

Why it matters: Earnings season offers a closer look at how Chinese tech m…

A bumpy week for China’s logistics market

By Emma Lee

China’s logistics industry has been in tumult as the country begins a return to normalcy: Hive Box pisses off customers; courier services raise prices; and SF Express launches a food delivery service.

Here’s a roundup of recent headlines.

China’s…

There are no food delivery winners

By Emma Lee

In 2019, following years of astounding growth, China’s food delivery market was worth $86.2 billion. With their sights set on massive market potential, Chinese tech firms had scrambled to enter the sector in search of what was seen as a surefire road t…

Fuzzy numbers don’t prove grocery delivery triumph

By David Cohen

It’s a pretty typical afternoon here at TechNode headquarters in Shanghai. I walked down the street around noon, skipped my favorite sesame noodle joint since it was full, and wound up finding a new spot for Cantonese-style rice noodle rolls. On the wa…

CHINA VOICES | Carnage for Chinese tech stocks

By Heather Mowbray

This week, our friends at Ran Caijing bring you an eye-opening look into the effects of the Covid-19 outbreak on Chinese tech stocks. Turns out the hardest hits were to US-listed companies, while the few firms listed at home on China’s STAR Board …