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Alibaba And JD.com Are Literally Paying The Price As China Delivery Wars Heat Up

Benzinga LogoBenzinga17h ago

Alibaba And JD.com Are Literally Paying The Price As China Delivery Wars Heat Up - Benzinga

Quick Summary:

Alibaba Group Holding (NYSE:BABA) and JD.com (NASDAQ:JD) are now competing fiercely in instant retail, where items are supposedly delivered within 30 to 60 minutes. 

What Happened: Facing slowing growth and squeezed consumer budgets, Alibaba's Ele.me and JD.com's JD Takeaway each pledged ¥10 billion ($1.38 billion) in subsidies to lure customers with ultra-fast deliveries last month, reported Reuters. 

On JD Takeaway, daily discounts of up to ¥20 ($2.77) on restaurant orders have become common.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 02:18:29 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28653164

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 20 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

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The story "Alibaba And JD.com Are Literally Paying The Price As China Delivery Wars Heat Up" was covered 17 hours ago by Benzinga, a news publisher based in United States.

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  • URL: https://rt-russian.beamstart.com/news/alibaba-and-jdcom-are-literally-17471033299554

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