SHANGHAI -- Food delivery company Meituan is shutting down a program that covers medical expenses as Chinese technology enterprises face growing government pressure to leave the financial sector.
Described as a mutual aid platform, Meituan Huzhu launched in 2019, partly in response to a similar service from what is now Alibaba Group Holding affiliate Ant Group. Meituan had hoped to tap its nearly 500 million food delivery customers to make inroads into the new field.
