Reported about 18 hours ago
China's leading e-commerce companies, Alibaba and JD.com, are intensifying their competition by investing heavily in fast delivery services, aiming for delivery times between 30 to 60 minutes. Both companies have committed billions in subsidies to attract consumers amidst a challenging market where growth opportunities are limited. As the food delivery market heats up, these investments reflect a strategy to entice cost-conscious consumers and expand their reach into instant retail, leveraging existing logistics to avoid costly infrastructure build-outs.
Source: YAHOO