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MEITUAN-W Sweetens Delivery Riders with RMB50M Meal Subsidy
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MEITUAN-W (03690.HK) recently announced a joint subsidy of RMB50 million to provide meals for delivery riders, in order to address the issue of expensive and inconvenient meals for deliverymen, Chinese media reported. The ASP of the meal is RMB10, and the price of some discounted meals is as low as RMB6. Riders can pick up their meals at restaurants, and this will not trigger any violations of delivery rule. Most delivery riders eat lunch between 2 and 3 pm; 55% of them eat dinner after 8 pm; and more than half of riders believe that the budget for a meal should be between RMB10 and RMB15, Meituan survey revealed. AAStocks Financial News |
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