Chinese tech stocks recovered on Thursday. But investors remain skeptical whether the worst is over. Beijing announced its intention to further regulate the sector with a major campaign over the next six months.
By Redaktion Table
Delivery drivers of meal delivery services are to receive better working conditions and higher wages. In this, the Chinese government wants to counteract the exploitation of supposed freelancers by tech companies. Authorities are now making an example of market leader Meituan to show how legal relationships between providers and its drivers are to be redefined in the future – and are thus following trends in other countries.
By Frank Sieren
Meituan, by far the largest Chinese food delivery service, is the second tech company after Alibaba to be targeted by the antitrust authorities. However, Meituan is not too worried about this. Instead, it is working at full speed on the autonomous future. Millions of delivery men are supposed to be replaced by robotic vehicles. In some parts of Beijing, this is already a reality.
By Redaktion Table
