koolgal
07-07
🌟🌟🌟In the battle for supremacy of China's food delivery business, Meituan $MEITUAN-W(03690)$ is the leader with about 50% market, while Alibaba $BABA-W(09988)$ has about 30% market and JD.com is the latecomer with only 10% market share.

However the big subsidies given to consumers by the 3 companies are not sustainable in the long term.

@Tiger_comments @Tiger_SG @TigerStars @CaptainTiger

Alibaba +8%! Can AI Rescue Alibaba from Its Delivery Doldrums?
Alibaba soars 8% as Nvidia's announcement boosts virtually Chinese Al companies;
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1