An "electronic geofence" will be implemented to curb "ghost" takeout: triple-coordinate verification of licensed business premises, food preparation addresses and rider pickup locations.

Kioxia plans to repurchase up to 30 mln shares, or 5.5% of issued stock, with a maximum buyback amount set at JPY 800 bln.

Meituan (03690.HK) released summer travel consumption data showing top family destinations were Shanghai, Beijing, Guangzhou, Harbin, Kaifeng, Chengdu, Dalian, Tianjin, Hangzhou and Zhengzhou. Meituan said consumers are shifting from sightseeing to “deep experience” travel; multi-day immersive trips are becoming the mainstream and stays longer than one week rose about 30% YoY. Bookings for cooler summer destinations grew faster than the overall market, with Southwest and Northeast markets notably hotter. Cities including Kunming, Qujing, Bijie, Anshun and Liupanshui in the Southwest and Jiamusi, Daxing’anling, Shenyang and Qiqihar in the Northeast saw advance bookings higher YoY; homestay nights in Bijie and Jiamusi increased 138% and 57% YoY, respectively.