Source: Tech – South China Morning PostMeituan, China’s largest food delivery and on-demand local services provider, is sticking with its commitment to community group buying despite widening losses and increased regulatory pressure.The company’s new initiatives segment, which includes community group buying business Meituan Select, racked up an operating loss of 9.2 billion yuan (US$1.42 billion) in the second quarter of 2021, up from 8.04 billion in the first quarter and 1.5 billion one year ago.“Meituan will continue to invest in…Read More