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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…