GUANGZHOU -- Meituan, the market king among food delivery apps in China, intends to dish out better compensation to small and medium-size restaurants as well as its delivery workers in an effort to show it is in sync with President Xi Jinping's common prosperity initiative.
The move comes with a crackdown by authorities making it impossible for Meituan, which counts tech giant Tencent among its investors, to continue wielding its time-proven business model and dominant market position.
