JD.com conference call: The Chinese food delivery market "can fully accommodate multiple platforms," currently focusing more on user experience.

JD.com's delivery Business is developing rapidly, with daily orders approaching 20 million. JD.com's CEO Xu Ran emphasized during a conference call that the market size for delivery in China is enormous, "fully accommodating multiple platforms," and there remains significant unmet demand in the market. She also stated that the delivery Global Strategy is deeply embedded in the JD.com ecosystem, seeking long-term synergistic effects after short-term investments, with a current focus on user experience.

wallstreetcnMay 13 22:39

Regulatory authorities take action! JD.com, Meituan, and Ele.me among other takeaway platform companies have been summoned for discussions.

Recently, the State Administration for Market Regulation, together with the Ministry of Civil Affairs, the Central Internet Information Office, the Ministry of Human Resources and Social Security, and the Ministry of Commerce, held discussions with platform companies such as JD.com, Meituan, and Ele.me regarding the prominent issues in competition within the food delivery Industry.

Securities TimesMay 13 20:10

Express News | JD.com has seen a short-term surge in Pre-Market Trading, currently up over 2%, after previously dropping over 4%.

BreakingsMay 13 19:54

After DiDi Global Inc, Meituan's Keeta is entering the Brazilian food delivery market! An investment of 1 billion USD will be made.

① The head of Meituan's Overseas Business, Qiu Guangyu, is one of the few international operators in the country, especially experienced in the Latin American market. ② Meituan is studying and evaluating various Global markets, with Europe and Southeast Asia being key areas of focus.

cls.cnMay 13 19:01

JD.com achieved a revenue of 301.1 billion yuan in Q1, with a year-on-year growth of 15.8%.

In Q1, the adjusted Net income was 12.8 billion yuan, while the adjusted Net income in the same period last year was 8.9 billion yuan.

Futu NewsMay 13 17:04

Xiaomi won the lawsuit! Awarded 0.55 million.

① In 2023, the court made a first-instance judgment on the commercial defamation case of Xiaomi vs. Juhaukan Technology Co., Ltd., ordering it to post a statement at the top position on Weibo for seven consecutive days to eliminate the impact, and to compensate Xiaomi for economic losses and reasonable expenses totaling 0.55 million yuan; ③ The Xiaomi Legal Department today released an official statement on Weibo, indicating they received the final ruling from the court, which rejected Juhaukan's appeal and upheld the original judgment.

cls.cnMay 13 12:29