Meituan

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.

Five government agencies, led by the State Administration for Market Regulation, urged the instant commerce giants to follow competition regulation.

Chinese regulators have summoned food delivery giants JD.com, Meituan and Alibaba Group Holding’s Ele.me to address intensifying competition in the sector, urging legal compliance and fair practices. The meeting of five government agencies, led by the State Administration for Market Regulation (SAMR), aimed to “address the salient issues in current competition of the food delivery industry”, according to a Tuesday statement posted online by the SAMR. The other agencies involved in the meeting...

Brazilian President Luiz Inácio Lula da Silva presided over the deal-signing event in Beijing.

JD.com Inc.’s revenue grew at its fastest pace in three years after stimulus measures from Beijing and an aggressive drive to compete with Meituan in food delivery helped revitalize consumer spending.

The early introduction of the service reflects heightened domestic demand for efficient and affordable delivery of goods ordered online.

Food delivery service Ele.me is handling orders for Taobao Instant Commerce as e-commerce giants compete on speed.