tiprankstipranks

JD.com moving into food delivery in China, Reuters reports

JD.com moving into food delivery in China, Reuters reports

JD.com (JD) is making a foray into the China’s highly competitive food delivery business, with plans to register catering merchants on its courier system, Reuters’ Sophie Yu and Brenda Goh report. The company posted on its official Weixin account, inviting merchants: “Join us now, zero commissions all year round!” JD.com stated in its announcement that JD Takeaway will provide comprehensive support for merchants, aiming to promote the healthy and sustainable development of the food delivery industry. JD Takeaway will compete in China’s food delivery market with Meituan (MPNGF) and Alibaba’s (BABA) Eleme.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue