delivery

BRIEF: Dada Nexus agrees to be privatized by JD.com

Intra-city delivery company Dada Nexus Ltd. (DADA.US) said on Tuesday it signed a definitive agreement to be privatized by majority stakeholder JD.com (JD.US; 9618.HK) at a price of $2 per…
DADA.US
Illustration of Meituan, Ele.me and JD competing with each other

China’s Takeout Delivery Market Gets a Shakeup

China's takeout dining duopoly of Ele.me and Meituan will start offering social benefits for their more than one million of riders. What's driving this change of heart and what will it mean for the market? And JD.com has announced its entering the fray, aiming to take on this established duopoly. What are its chances of success, and what does this mean for the industry?
3690.HK JD.US
Baidu does infrastructure

BRIEF: SF Intra-city’s profit doubles in 2024

Intra-city delivery company Hangzhou SF Intra-city Industrial Co. Ltd. (9699.HK) on Tuesday said it expects to report its profit for all 2024 more than doubled year-on-year, as its revenue rose…
9699.HK

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