Competition among Chinese food-delivery services was ratcheted up over the weekend as platforms engaged in a renewed round of ...

A drone carries a package from Chinese food delivery giant Meituan to the Badaling section of the Great Wall in Beijing, China, on August 16, 2024. Huang Liang/Beijing Youth Daily/VCG/Getty Images.

China's largest food delivery firm Meituan posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption.

Shares of Chinese bubble-tea brands advanced as food-delivery platforms have stepped up discounts in a scramble to capture users, boosting tea beverage sales. Sichuan Baicha Baidao Industrial rose ...