Meituan expands instant retail, scales back community group-buying in unprofitable areas · TechNode
Meituan announced on June 23 that it will fully expand its instant retail business while retreating from loss-making regions in its community group-buying unit, Meituan Youxuan. The company will reallocate resources to strengthen its competitive edge in instant delivery, with a focus on growing its Flash Buy service and XiaoXiang Supermarket’s warehouse-based delivery. Why it…










