Chinese tech company Meituan announced on Thursday that it had recorded a net profit in the second quarter, largely due to the increased demand for food delivery services. The company reported a net profit of 4.69 billion yuan ($644.4 million) for the period ending in June, a significant improvement from the net loss of CNY 1.12 billion it experienced during the same period … [Read more...] about Meituan Reports Net Profit in Q2
food delivery
Lawsuit Filed Against NYC’s Minimum Wage Law
Three major food delivery app companies, DoorDash, Uber Eats, and Grubhub, have taken legal action against New York City in an attempt to block a groundbreaking law that establishes minimum wages for their workers. The law mandates a minimum pay of $17.96 per hour beginning on July 12, 2022. The rate will increase to $19.96 per hour in April 2025 and will be adjusted annually … [Read more...] about Lawsuit Filed Against NYC’s Minimum Wage Law
