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Weekend reading | The battles that JD.com and Meituan cannot afford to lose.
Following the recruitment of "quality dine-in restaurant merchants" with "0 commission" and the announcement to pay five insurances and one fund for delivery riders, JD.com released the news on April 10 that "JD.com Delivery's 10 billion subsidy is officially launched." Takeout is a highly competitive and mature market, where MEITUAN-W and Ele.me have absolute influence.
JD-SW (09618.HK): National subsidies are steadily being released, continuing the positive trend of Q4 2024.
Continuing steady double-digit growth, with national subsidies continuously being released. We expect the company to achieve revenue of 290.41 billion yuan in Q1 2025 (+11.7%), and achieve Non-GAAP Net income of 10.9 billion yuan (+22.5%.
Trump: We will reach an agreement with China and everyone else.
Recently, the USA has been continuously negotiating with various parties regarding tariff issues, but has not yet announced a preliminary trade agreement with any of the countries. In response, Trump stated on the 17th that the US government "is not in a hurry" to announce agreements with specific countries.
Express News | The Shanghai Municipal Commerce Commission held a conference on e-commerce to boost foreign trade and expand domestic sales.
Express News | GEM Co.,Ltd.: Signed a strategic cooperation framework agreement for stabilizing the overseas supply chain with JD.com.
Tech giants like Tencent are actively supporting the shift from "export to domestic sales."
Relieve the pressure on foreign trade enterprises.