JD. com Viral Stunt Revives China Food Delivery Feud With . . . 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 Ltd
Competition gets tougher in Chinas on-demand delivery . . . Such a sizeable market with an appealing growth outlook has spurred fierce competition among the country’s retail giants 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
China’s Meituan, Alibaba Enjoy a Boom in ‘Instantaneous . . . Meituan, a leading food distribution team, reported web revenue of RMB 10 9 billion (US$ 1 52 billion) in the initial quarter, up 46% from RMB 5 2 billion a year ago in the exact same duration, while ecommerce gigantic Alibaba passed 40 million everyday orders within one month of releasing comparable solutions
Taobao, Meituan, and the E-Commerce Landscape in China What is Meituan? Meituan is a Chinese platform that started as a group buying site and expanded into a comprehensive lifestyle services platform, offering food delivery, hotel bookings, and more How does Taobao ensure secure transactions? Taobao uses Alipay, Alibaba’s payment platform, to ensure secure transactions between buyers and sellers
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