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Meituan Takeaway to Subsidize Catering Industry with RMB100B Over 3 Yrs
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Xue Bing, the general manager of Meituan's takeaway division, announced at the "2025 China Catering Chain Summit" that the company will provide more subsidies to help merchants reduce costs and boost income, Chinese media reported. Over the next three years, Meituan will invest RMB100 billion to support the healthy growth of catering partners, marking the largest industry support subsidy plan in the history of the catering sector. Xue also revealed that the RMB100 billion will focus on four key areas: helping merchants to subsidize consumers to stimulate demand, providing assistance funds to increase merchants' income, supporting and rewarding high-quality merchants, and promoting initiatives and strengthening industry infrastructure. AAStocks Financial News |
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