JD.com Mulls Taking On Meituan and Alibaba in Food Delivery
JD hunts for new revenue streams as core ecommerce slows. Xin Lijun, CEO of JD retail, said in an interview that JD has "considered and explored" the launch of catering takeout services. "As for when we start doing this, it will depend on our ability and when we can build a team.".
Partnership with logistics affiliate Dada could lay groundwork.
If JD enters the multi billion dollar takeout market in China, it will mean that the competition in this market will be further intensified. Meituan and Alibaba have long been the leaders in this market, and have established a huge team of takeout workers.
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $JD.com(JD.US$ $JD-SW(09618.HK$ $JD LOGISTICS(02618.HK$ $MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$
Partnership with logistics affiliate Dada could lay groundwork.
If JD enters the multi billion dollar takeout market in China, it will mean that the competition in this market will be further intensified. Meituan and Alibaba have long been the leaders in this market, and have established a huge team of takeout workers.
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $JD.com(JD.US$ $JD-SW(09618.HK$ $JD LOGISTICS(02618.HK$ $MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$
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