Luckin faces effort to delist company from Nasdaq

By John Artman

Luckin Coffee has received notice from the Nasdaq stock exchange that the Xiamen-based coffee chain will be delisted. The announcement comes one day after a Reuters report claimed that the exchange will announce new rules that will increase scrutiny fo…

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…

Food delivery disrupted as China stays home

By Nicole Jao

Feb 13, 20205 min read A Meituan delivery guy picks up vegetables at the local market on Feb 4, 2020. (Image credit: TechNode/ Shi Jiayi)Editor’s note: This article was originally published in In focus/Meituan, TechNode’s biweekly newsletter on the …

From bad Tsinghua student to Meituan second in command

By Liu Peng

Jan 30, 20208 min read Wang Huiwen, co-founder and Senior Vice President of Meituan Dianping demonstrating Meituan’s autonomous delivery service (Image credit: TechNode/Masha Borak)This article originally appeared on TechNode’s Chinese-language…

Luckin Coffee announces 2 new bids to raise cash

By Eliza Gkritsi

Jan 8, 20202 min read Luckin Coffee’s self-service coffee machine. (Image credit: Rancaijing)Chinese online-to-offline beverage chain Luckin Coffee announced two separate developments on Tuesday aimed at a major cash raise including a five-year bond…