China’s Delivery Price War Starts to Cool After Regulatory Probe
Major restaurant and beverage chains in China, including KFC and Cotti Coffee, are raising prices and cutting back subsidies on food delivery platforms, retreating from years of discounting that squeezed...
By Charlie Zhu, Lulu Shen · Bloomberg Markets
Major restaurant and beverage chains in China, including KFC and Cotti Coffee, are raising prices and cutting back subsidies on food delivery platforms, retreating from years of discounting that squeezed margins for many.