Chinese regulators fined five leading online grocery apps owned or backed by some of China’s largest tech giants including Meituan, Pinduoduo, Didi Chuxing, Alibaba and Tencent, citing “improper pricing that disrupts market order.” Regulators say that some platforms have taken advantage of their size and resources to launch a subsidy war for online groceries, which had a negative impact on...
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Fast-Delivery Startups Getir and Flink Held Merger Talks
Turkey-based fast-delivery firm Getir had preliminary talks late last year about merging with Flink, the Germany-based startup, in a sign that consolidation in the fast-delivery sector may have another round to go. Merging with Flink would strengthen Getir in Germany, where it expanded through last year’s acquisition of Gorillas. Flink came away from the discussions uninterested in...
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