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Coffee at 30 cents is the latest gimmick in China’s billion-dollar ‘instant commerce’ price war

cnbc.com Dylan Butts Evelyn Cheng 2025-07-31 12:06:54

A Meituan food delivery courier rides an electric scooter in Chongqing, China, on March 29, 2025. Cheng Xin | Getty Images News | Getty Images In China's fiercely competitive market, the latest price war is playing out in the growing "instant commerce" sector, where companies are launching massive subsidies and other incentives to get consumers to spend. The 'instant commerce' sector is backed by massive networks of scooter drivers that quickly transport everything from food and drink to fast f

Topics: china commerce delivery jd meituan
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China's 'instant commerce' price war sees $0.30 drinks and billions in subsidies doled out

cnbc.com Dylan Butts Evelyn Cheng 2025-08-02 15:41:08

A Meituan food delivery courier rides an electric scooter in Chongqing, China, on March 29, 2025. Cheng Xin | Getty Images News | Getty Images In China's fiercely competitive market, the latest price war is playing out in the growing "instant commerce" sector, where companies are launching massive subsidies and other incentives to get consumers to spend. The 'instant commerce' sector is backed by massive networks of scooter drivers that quickly transport everything from food and drink to fast f

Topics: china commerce delivery jd meituan
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Nearly everyone opposes Trump’s plan to kill space traffic control program

arstechnica.com Unknown 2025-08-03 01:06:24

The Trump administration's plan to gut the Office of Space Commerce and cancel the government's first civilian-run space traffic control program is gaining plenty of detractors. Earlier this week, seven space industry trade groups representing more than 450 companies sent letters to House and Senate leaders urging them to counter the White House's proposal. A spokesperson for the military's Space Operations Command, which currently has overall responsibility for space traffic management, said i

Topics: administration commerce office space traffic
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Robinhood expands its global push, minutes from crypto chief's old cramped apartment in Cannes

cnbc.com Mackenzie Sigalos 2025-08-22 13:41:34

CANNES — Fifteen years after flipping burgers at a McDonald 's and teaching himself to code at night in a cramped apartment near the French Riviera, Robinhood crypto chief Johann Kerbrat is back. The last time he lived around Cannes, he was 21 — with no connections, no funding, and no formal business training. But he had a knack for programming and a drive to solve real-world problems. Kerbrat, who is now senior vice president and crypto GM at Robinhood, quit his job just before starting unive

Topics: commerce crypto kerbrat merchants said
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US lawmakers call for federal probe into OnePlus

androidauthority.com Unknown 2025-08-23 10:00:28

Joe Maring / Android Authority TL;DR Two US lawmakers have asked the Commerce Department to investigate OnePlus phones for potential security risks. Their concern is based on an analysis shared by an unnamed firm suggesting that OnePlus may be collecting and sending sensitive user data to servers in China without user consent. US lawmakers have reportedly requested the Commerce Department to investigate whether OnePlus phones sold in the country pose security risks. The request reportedly co

Topics: commerce data department oneplus user
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The Verge’s 2025 Father’s Day gift guide

theverge.com Cameron Faulkner 2025-09-17 13:10:54

is an editor covering deals and commerce. He joined in 2018, and served as commerce editor at Polygon until May 2025. Father’s Day rules. It’s a day to celebrate all that dads have contributed to the people, homes, and communities that they’re a part of. Being a dad is a lot of work — something I can vouch for, being a relatively new one myself — so for Father’s Day, why not give dear old dad a token of appreciation and love? Whether your dad prefers practical or clever gifts, we think you’ll b

Topics: commerce contributed dad day father
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