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JD. com billionaire’s viral stunt reignites China’s food . . . In just a few months, JD, China’s largest online retailer by revenue, amassed 25 million daily takeout orders across 350 cities, capturing more than half the volume of Alibaba Group Holding’s
Alibaba, JD and Meituan Surge After China Stimulus Announcement Meituan and JD rose more than 20% in Hong Kong trading across Thursday and Friday, marking each firm’s best two-day performance since 2022, while Alibaba rose as much as 15% over the period
Behind JDs War Against Meituan - by Fred Gao JD alleged that Meituan was prohibiting part-time riders from accepting orders from competing platforms, resulting in delayed deliveries for JD's customers Going beyond this specific accusation, JD employed politically charged rhetoric to attack Meituan
Competition gets tougher in Chinas on-demand delivery . . . Jingdong ( JD ), famous for online retail and logistics, entered the business in February, seeking a slice of the market dominated by Meituan ( with over 65% share of the food delivery business as of 2024 ) and Alibaba’s Ele me Newcomer JD follows a “growth first, profit later” strategy, muscling its way into the on-demand delivery
Retail Giants Collide as Meituan and JD Target Each Other’s Turf Over the past week, food delivery giant Meituan has pushed further into e-commerce with its Flash Sale platform, while leading online retailer JD com ramped up its food delivery ambitions — each trying to outpace the other in speed, scale, and service