Meituan

Alibaba Group Holding tied its own record of 80 million on-demand deliveries on Saturday, the e-commerce giant reported on Monday, as it wages an...

JD.com has pledged more than 10 billion yuan (US$1.4 billion) under its ambitious “Double Hundred Plan” to support so-called benchmark brands across various categories, further heating up China’s on-demand delivery sector, as industry-wide daily orders reached a new high of more than 200 million. The Beijing-based e-commerce giant’s latest initiative seeks to elevate sales of select brands beyond one million items on its platform via measures that include increased traffic, marketing incentives...

Alibaba Group Holding is seeing a rapid acceleration in the volume of on-demand delivery transactions, the latest sign of growing rivalry with Meituan and JD.com in China’s instant e-commerce market. Combined daily orders on Taobao Instant Commerce – the company’s latest push into on-demand delivery – and food delivery app Ele.me, reached 80 million, Taobao said on its official WeChat account on Monday. Daily active users on Taobao Instant Commerce surpassed 200 million. Alibaba owns the South...

Instant delivery of orders on Taobao is performed by Ele.me, Alibaba's food delivery arm.

Meituan said daily transaction volume on its dominant on-demand delivery reached an all-time high since its inception in 2010, briefly crashing its platform as online purchases surged amid a fresh round of price war among China’s e-commerce leaders. Daily orders of food and retail goods for its instant delivery service surpassed 120 million on Saturday, according to the company, with food orders accounting for 100 million or 83 per cent of them. Meituan’s delivery services suffered a technical...

Alibaba Group Holding’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over the next 12 months for both consumers and merchants, intensifying the fierce competition in China’s on-demand delivery sector, where JD.com and Meituan are also major players. Consumers using Taobao’s in-app Shangou service, the instant commerce business of Alibaba, will enjoy significant incentives, including cash vouchers, free purchase coupons,...

JD Logistics has kicked off recruitment of full-time meal delivery riders, as its parent – e-commerce giant JD.com – intensifies efforts to compete with Meituan and Alibaba Group Holding in the lucrative Chinese food delivery market. Hong Kong-listed JD Logistics said on Tuesday it had started hiring full-time riders for JD.com’s food delivery business, in a move aimed at broadening the subsidiary’s service offerings, according to a filing with the stock exchange. Beijing-based JD.com launched...

Meituan, the Chinese on-demand delivery giant, is maintaining a steady hold on its 70 per cent market share in domestic food delivery, despite intensifying competition from JD.com and Alibaba Group Holding’s Ele.me, as daily orders reached 90 million in recent days, according to a report by Chinese tech media outlet Leiphone.com, citing internal data. Meituan did not comment on the report. If confirmed, it would show the challenges Meituan’s rivals face in changing consumer habits, after a price...

Chinese e-commerce giant JD.com is extending its deep-seated rivalry with Meituan to Saudi Arabia, launching a self-operated courier service in the country as it extends its footprint in the Middle East. On Wednesday, JD.com’s logistics arm JD Logistics announced the launch of JoyExpress, a business-to-consumer express delivery service that covers most of the 13 provinces in the Middle Eastern country, according to a statement. JoyExpress provides expedited same-day and next-day delivery...

Alibaba's Taobao Instant Commerce service and Ele.me have surpassed 40 million daily orders within a month of launch, the company says.

Chinese e-commerce giants Alibaba Group Holding, Meituan and JD.com are intensifying their costly rivalry in the on-demand fast-delivery sector, with each touting significant gains in user base and order volume. Alibaba, owner of the South China Morning Post, saw combined daily orders on its freshly launched Taobao Instant Commerce initiative and Ele.me food delivery service surpass 40 million within a month, according to data released by the company on Monday. The new service, which has...

Shares of Meituan and JD.com have lost a combined $100 billion in market value since late last year, highlighting the fallout of a costly battle to win a bigger slice of the Chinese food delivery business.

Chinese on-demand local services giant Meituan posted an 18.1 per cent year-on-year surge in revenue for the first quarter, as it seeks to maintain its dominant position on the mainland in the food delivery market amid new competition. Meituan’s revenue for the three months through March was 86.6 billion yuan (US$12 billion). Net profit reached 10.1 billion yuan, up 87.3 per cent year on year. The Beijing-based firm said in a statement that its instant commerce business, Instashopping,...

Meituan warned its profitability may suffer as the Chinese food delivery leader faces intensifying competition at home and is aggressively expanding into new markets.

Meituan and Xiaomi Corp.’s long-term ambitions and investment plans will dominate this week’s earnings releases, continuing to shape sentiment for China’s tech sector.