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Consolidation and drop in tech industry funding may cut into discounts enjoyed by Chinese consumers with fewer ‘subsidy wars’ among competitors

P
layers in Chna's on-demand consumer economy were giving away chauffeured rides, movie tickets and food at below-cost, but there are fewer deals to be had now that more companies are merging.
10 months ago
Sky Canaves
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.
China in 2 minutes a day
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