BRIEF: Meituan launches $13.7 billion subsidy to support merchants, consumers
Meituan (3690.HK) has pledged to invest 100 billion yuan ($13.7 billion) in the restaurant industry over the next three years, focusing on consumer subsidies, merchant support, incentives for high-quality restaurant…
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…
NEWS WRAP: JD Logistics profit nearly triples on technology upgrades
The logistics arm of e-commerce giant JD.com reported its 2024 revenue grew nearly 10%, as external customers contributed 70% of the total By Teri Yu JD Logistics Inc. (2618.HK) reported…
BRIEF: JD.com’s profit and revenue grow, optimistic on 2025
E-commerce platform JD.com Inc. (9618.HK, JD.US) said on Thursday that its revenue in last year’s fourth quarter rose 13.4% year-on-year to 347 billion yuan ($48 billion), while its net profit…
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?
JD.com seeks place at China’s massive takeout dining table
The e-commerce giant is working with major chains and ‘high-quality’ restaurants as it prepares to challenge the duopoly of Meituan and Ele.me Key Takeaways: JD.com has signaled it’s preparing to…
BRIEF: JD.com revives talks to acquire German retailer Ceconomy
E-commerce giant JD.com (JD.US; 9618.HK) is in renewed talks to acquire Ceconomy AG (CEC.DE), Bloomberg reported on Wednesday, saying that JD recently approached the German electronics retailer and discussions are…
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