Is JD.com creating its own Meituan in China?

Meituan Receives Outsized Mainland Flow, Week in Review - China Last Night

Week in Review Asian equities were mostly higher for the week as Korea outperformed and Thailand underperformed in a shortened week for Mainland China’s markets due to the market holiday celebrating the Dragon Boat Festival on Monday. Markets cheered the first phone conversation between Trump and Xi on Thursday, during which the two leaders were said to discuss technology restrictions, rare earth exports, and giving the go-ahead to negotiators …

Is JD.com creating its own Meituan in China?

As Meituan (美团) entered the 618 Shopping Festival this year, the battle with JD.com has intensified from food delivery to “instant retail”. More recently, JD.com has taken the rivalry a step further by expanding the battlefront to offline supermarkets. JD.com revenue up 15.8% YoY in Q1 with 2024 GMV around 4.5 trillion RMB While Meituan started bringing its Xiaoxiang Supermarket (小象超市) offline with new openings, JD.com has also announced its pl…