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YUAN TALKS

China’s services activities contracted in August for first time since March last year, manufacturing sector expands at slower pace

China’s services sector activity contracted in August to the second-lowest level on record, further adding to evidence of a slowing economy after the key indicator missed expectations. The official non-manufacturing…

Meituan records 77 per cent growth in Q2 revenue, net loss widens due to heavy investment in new initiatives

China's food delivery and on-demand service giant Meituan reported stronger-than-expected earnings for the second quarter, despite the government’s antitrust investigation and the regulatory scrutiny of the country’s technology sector. Meituan's revenue jumped 77…

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