Meituan, China’s biggest food delivery app, reported a 28% rise in revenue for the third quarter. Demand for deliveries of meals and groceries was strong during the quarter, as China’s strict Covid-19 restrictions forced many consumers to spend more time at home. Meituan’s solid growth stands when most other Chinese internet giants are struggling to adapt to a tough economic environment....
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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