News Snapshot:
ByteDance ’s Douyin, the Chinese version of TikTok , is once again wading into the food delivery market by testing a new feature that would bring it into direct competition with market leaders Meituan and Alibaba Group Holding . The short video app is “trying to open delivery options of group-purchased goods for some businesses with urgent needs, and the project is still under exploration”, a representative from the company’s life services department said. Some restaurants in particular cities, including those whose economies were hit hard by a resurgence in Covid-19 this year such as Shanghai, now include an option...
