(Boursier.com) — JD.com, the Chinese e-commerce group, jumped ahead of the stock market on Wall Street. JD.com would indeed explore a possible expansion in food delivery. These plans were confirmed by JD Retail General Manager Xin Lijun in an interview with Bloomberg. This would put the Chinese e-commerce giant in direct competition with Alibaba and Meituan, which dominate this business in China.
Xin Lijun, said the company would only start operating an on-demand food delivery service when it has the capacity and can build a talent team. Xin adds that JD’s logistics subsidiary, Dada Nexus, has strong same-city delivery capability and could lay the groundwork for the project. Besides, Xin says that the impact in the cities affected by the Covid is obviously greater and JD sees that when the epidemics end, there is no rapid recovery, which is very worrying. According to Xin, this year’s epidemic has completely cut off both international and domestic supply chains, and it has impacted people’s livelihoods, which will likely take longer to recover.
©2022 Boursier.com