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China’s Economic Downturn Has ByteDance, Meituan, and Didi Operating in Survival Mode
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China’s Economic Downturn Has ByteDance, Meituan, and Didi Operating in Survival Mode

Zhang Jun and Fang Gong Yi Liu
Late Post, 2019
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Editorial Rating

8

Qualities

  • Analytical
  • Background
  • Concrete Examples

Recommendation

In China’s internet industry, Baidu, Alibaba and Tencent are leading the race, but up until 2018, ByteDance, Meituan-Dianping and Didi Chuxing were in hot pursuit. However, as China’s economic sluggishness persists in 2019, the survival of the latter three is in jeopardy. This article examines why, points out the strengths and weaknesses of the companies in their current states, and investigates the companies’ strategies.

Take-Aways

  • Slowing economic growth spells turbulent times ahead for Chinese internet companies ByteDance, Meituan-Dianping and Didi Chuxing. 
  • To prepare for rough times, ByteDance will expand its advertising business, cut spending and invest smarter.
  • After several failed business projects in 2018, Meituan-Dianping is refocusing on its forte: food.

About the Authors

Zhang Jun and Fang Gong Yi Liu are writers for LatePost, a joint WeChat account of finance news media Caijing and LateNews, a blog by prominent journalists.

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