Latest news with #instantdelivery
Yahoo
a day ago
- Business
- Yahoo
JD.com faces battle to gain ground in China's instant delivery market
By Deborah Mary Sophia and Sophie Yu (Reuters) -Chinese e-commerce giant is going all out to build its instant-delivery business to diversify revenue, but breaking into the competitive industry is proving difficult. The company has poured billions into JD Takeaway, the food-delivery unit it launched in February, to cut reliance on a core retail business hit by a weak economy and tough competition. Its results on Thursday showed the service has lifted its user base, traffic and revenue, with both quarterly active customer growth and shopping frequency up more than 40%. But it is struggling to take market share from long-established incumbents Meituan, the industry leader, and Alibaba's Daily active users in JD's delivery business have fallen steadily since peaking in mid-June, slipping more than 13% week-on-week by July 27 versus a 6% drop and a 1% gain in the previous two weeks, M Science data showed. The data signals "a significant loss of momentum for and likely market share loss", M Science analyst Vinci Zhang said. "Meituan and Alibaba already have considerable domain expertise in food delivery, and I don't think JD has expertise in that area yet. It will be very challenging," Zhang said. food delivery investments have also squeezed profitability. Its adjusted operating margin shrank to 0.3% in the June quarter from 4% a year ago. Meituan's daily orders across food and retail goods reached an all-time high of 120 million. The company holds nearly 70% of the delivery market, Morningstar analysts said in May. Alibaba's Taobao instant commerce business combined with reached 80 million daily orders early in July, with daily active users crossing 200 million. Company executives have warned of fierce competition, with the three companies together pledging nearly 200 billion yuan ($27.87 billion) in recent months to subsidize instant delivery, sparking an "instant retail" price war that has drawn regulatory scrutiny. "The competition started to intensify since July," CEO Sandy Xu said on Thursday, adding the company was focused on improving its platform to attract more users, merchants and riders. Meituan and Alibaba are yet to report quarterly results. ($1 = 7.1773 Chinese yuan renminbi)
Reuters
a day ago
- Business
- Reuters
JD.com faces battle to gain ground in China's instant delivery market
Aug 14 (Reuters) - Chinese e-commerce giant ( opens new tab, is going all out to build its instant-delivery business to diversify revenue, but breaking into the competitive industry is proving difficult. The company has poured billions into JD Takeaway, the food-delivery unit it launched in February, to cut reliance on a core retail business hit by a weak economy and tough competition. Its results on Thursday showed the service has lifted its user base, traffic and revenue, with both quarterly active customer growth and shopping frequency up more than 40%. But it is struggling to take market share from long-established incumbents Meituan ( opens new tab, the industry leader, and Alibaba's ( opens new tab Daily active users in JD's delivery business have fallen steadily since peaking in mid-June, slipping more than 13% week-on-week by July 27 versus a 6% drop and a 1% gain in the previous two weeks, M Science data showed. The data signals "a significant loss of momentum for and likely market share loss", M Science analyst Vinci Zhang said. "Meituan and Alibaba already have considerable domain expertise in food delivery, and I don't think JD has expertise in that area yet. It will be very challenging," Zhang said. food delivery investments have also squeezed profitability. Its adjusted operating margin shrank to 0.3% in the June quarter from 4% a year ago. Meituan's daily orders across food and retail goods reached an all-time high of 120 million. The company holds nearly 70% of the delivery market, Morningstar analysts said in May. Alibaba's Taobao instant commerce business combined with reached 80 million daily orders early in July, with daily active users crossing 200 million. Company executives have warned of fierce competition, with the three companies together pledging nearly 200 billion yuan ($27.87 billion) in recent months to subsidize instant delivery, sparking an "instant retail" price war that has drawn regulatory scrutiny. "The competition started to intensify since July," CEO Sandy Xu said on Thursday, adding the company was focused on improving its platform to attract more users, merchants and riders. Meituan and Alibaba are yet to report quarterly results. ($1 = 7.1773 Chinese yuan renminbi)
Malay Mail
19-05-2025
- Automotive
- Malay Mail
Lalamove Enters UAE to Provide Instant Delivery Solutions Connecting SMEs and Driver Partners
Marking its 14th global market entry spanning Asia, Latin America to spur further growth in EMEA region Lalamove Enters UAE to Provide Instant Delivery Solutions Paul Loo, Chief Operating Officer of Lalamove HONG KONG SAR - Media OutReach Newswire - 19 May 2025 - Lalamove, the leading on-demand delivery platform, has officially launched operations in the United Arab Emirates (UAE), marking a strategic entry into its 14th global market and a significant expansion within the EMEA (Europe, the Middle East, and Africa) region with full service coverage across Dubai and drop-offs in Sharjah and Abu Dhabi. Founded in Hong Kong in 2013, Lalamove leverages innovative technology to connect users with driver partners and vehicles small and medium-sized enterprises (SMEs) contributing 40% of the UAE's GDP, Lalamove recognises their vital role in driving growth, especially with the rise of e-commerce. By offering instant, reliable logistics solutions, Lalamove empowers businesses to scale efficiently. Features like multi-stop orders with real-time tracking simplify delivery routes, while a wide range of vehicle options, from cars to 1-ton and 3-ton pickup trucks, handle deliveries of all sizes, helping businesses reduce logistics costs and meet growing consumer demand."The UAE has long been a pivotal global trading and logistics hub, connecting Asia, Europe, and Africa. The Lalamove team is thrilled to bring our proven model to the UAE, customized to meet the unique local needs. By leveraging our advanced technology, we aim to empower SMEs and create earning opportunities for driver partners. Our ability to adapt to local nuances enables us to implement tailored strategies for each market, delivering scalable, agile logistics solutions that drive growth for the local economy," saidLalamove addresses a long-standing issue in the logistics sector by efficiently connecting driver partners with delivery opportunities across Dubai. Lalamove offers a flexible income stream for driver partners, who can enjoy greater discretion in arranging their personal work schedule. This streamlined and transparent approach ensures that driver partners can maximise their time and earnings while SMEs benefit from instant and affordable delivery connecting driver partners to extra earning opportunities, Lalamove is also committed to offering a diversity of perks for driver partners. This includes bonus earnings for completing missions, and opportunities to boost extra income through vehicle stickers. Additionally, driver partners can earn more through the Referral Program, which offers unlimited bonuses for inviting others to join more details about Lalamove, please visit or download the Lalamove app from the App Store or Google Play #lalamove The issuer is solely responsible for the content of this announcement. About Lalamove Founded in Hong Kong in 2013, Lalamove is an on-demand delivery platform born with a mission to empower communities by making delivery fast, simple, and affordable. At the click of a button, individuals, small businesses, and corporations can access a wide fleet of delivery vehicles operated by professional driver partners. Powered by technology, we seamlessly connect people, vehicles, freight, and roads, moving things that matter and bringing benefits to local communities in 14 markets across Asia, Latin America, and EMEA.
