Tariffs on small packages between China and Hong Kong "increased to 90%"
Trump's heavy blow puts Chinese e-commerce in a survival crisis
中港小額包裹關稅「增至90%」 川普出重拳「陸電商」陷生存危機|十點不一樣20250409
https://m.youtube.com/watch?v=wiuO9z3CnmA
Alibaba and JD.com have opened a new front in the ongoing battle for market share, with both expanding aggressively into so-called instant retail centred around delivery speeds of 30 to 60 minutes this year.
The new turf war focused on speed is coming at a high cost in the short term as the e-commerce giants look to entice consumers with hefty discounts.
JD.com's JD Takeaway and Alibaba's food delivery app Ele.me last month each pledged 10 billion yuan (US$1.38 billion) in subsidies.
The competition is so intense, there's not a lot of incremental growth opportunities, so everybody is moving into everybody else's territories and instant retail is the latest example of that.
China's food delivery market leader Meituan has moved to grow its business by expanding its instashopping platform, which delivers non-food goods within 30 minutes and JD.com announced its entry into food delivery in February.
As of Dec 31, Alibaba, JD.com and Meituan had net cash positions of 400 billion, 144 billion and 110 billion yuan respectively.
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