The Wall Street Journal
Meituan’s Profit Tumbles as Food-Delivery Price War Takes Toll — The Chinese food-delivery giant’s profit cratered in Q2 as intense competition snapped a long run of growth, underlining concerns about its ability to defend market share.
Chinese Fast-Food Chain’s Profit Surges on Appetite for Ice Cream, Tea Drinks — Mixue posted a 43% rise in profit for the first half of the year, fueled by consumer appetite for its cheap ice cream and tea drinks.
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