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China tech

China's Big Tech crackdown drives Meituan out of health coverage

More digital companies dump new businesses under government pressure

Meituan launched the mutual aid platform in 2019, tapping its broad customer base to make inroads into the financial sector. (Photo by Takashi Kawakami)

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.

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