In China, more and more restaurants push back against the dominance of delivery apps

The restaurant scene at Food Street in Beijing is struggling, with many closures and name changes due to high rents and competition from meal delivery services. JD.com has intensified competition in the meal delivery market, leading to significant subsidies and increased order volumes, but also substantial losses for major players like Meituan. This shift has drastically altered the dynamics of the restaurant industry, pushing businesses to operate on very low profit margins while dine-in customers decline.