Meituan lost $82 billion in market cap on slowdown fears, more competition
A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which have…
A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which have…
Group of friends at a restaurant Santiago Nunez | Klaud9 | Getty Images The Singapore coffee market is already crowded, but brands continue to open new locations in the city-state…
An Olive Garden restaurant in Fremont, California, on Sept. 14, 2023. Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance,…
A Coca-Cola truck in New York City. Alexi Rosenfeld | Getty Images Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations as consumers shook off higher prices…
The Uber Eats app on a smartphone in Dobbs Ferry, New York, on Feb. 6, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Uber announced Wednesday that its Uber Eats…