ANALYSIS-CHINESE E-COMMERCE LEADERS BRUSH OFF REGULATORY RISK TO CONTINUE 'INSTANT RETAIL' PRICE WAR
https://media.zenfs.com/en/reuters-finance.com/1daefc07a91780c5e1fbf2d3edf8d0bf
✍️ China's largest e-commerce platforms are engaged in a price war for instant retail, with Alibaba, JD.com, and Meituan pledging billions to subsidize one-hour delivery, despite state criticism.
👉 China's largest e-commerce platforms are engaged in a price war for instant retail 👉 Alibaba, JD.com, and Meituan have pledged billions to subsidize one-hour delivery 👉 The strategy is to use artificial intelligence and automated warehouses to make instant retail increasingly profitable 👉 Authorities have summoned the companies to urge 'rational competition' 👉 Concerns over food waste and the impact on merchants and restaurants
-- #EdSander #BalaRamasamy #WangHongdong #CaseyHall #SophieYu #Shanghai #Beijing #China #business
Loading quoted post…
