19: Meituan has 10 million drivers, TikTok is following in Facebook's footstep and BYD is spinning off it's semi unit
Update: 2021-05-21
Description
Welcome back for another episode of Productive Lazy Sundays - a podcast discussing businesses in Asia.
In today's episode, we wanted to share a couple of news that we thought to be interesting.
TikTok which was said to be a significant threat to Facebook is now challenging the latter with its newest in-app purchase feature.
Meituan, one of the biggest Food Delivery companies in China has 10 Million drivers working for it. However, it has come out to say that these workers and the company itself are not in a direct employment relationship.
BYD one of the biggest OEM in China is now spinning off its semis division in a world where Chip Shortage becomes the new normal.
Find us on Instagram and Twitter @ProductiveLazySundays
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