Meituan's market share in Hong Kong has grown significantly since its entry. Its food delivery platform, KeeTa, captured 44% of Hong Kong's food delivery orders in March, surpassing rival Foodpanda's 35% to become the top player(2). This growth is attributed to generous subsidies and rapidly expanding services.
How has Meituan's market share in Hong Kong changed since its entry?
Sources:
TSMC April Revenue Soars 48% as U.S. Tariffs Trigger Rush Orders
China's Foreign Trade Volume of Tea Grows in 2024
Nvidia to Release Modified H20 Chip for China in Response to U.S. Export Restrictions
China Confident in Handling U.S. Trade Issues Ahead of Key Talks
China's Exports Surge 8.1% in April as U.S. Tariffs Take Effect
China's New-Energy Passenger Car Sales Surge in April
Swiss Drugmaker to Build New Manufacturing Facility in Shanghai
Chinese Listed Companies Report Combined Revenue of over 71 Trillion Yuan in 2024
SMIC to Monitor Tariff Impact on Demand as Q2 Outlook Remains Uncertain, Says Co-CEO
Bain Capital Plans Sale of China Data Center Unit in Deal Potentially Exceeding $4 Billion