Friday, May 1, 2020

Chinese e-commerce company Club Factory starts grocery delivery

Club Factory has been accused of shipping cheap products to India directly from China after labelling them as gifts to evade customs duty. https://ift.tt/2Yql48T https://ift.tt/eA8V8J

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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...