Starbucks is discussing with several delivery service platforms in China as its three-year exclusive partnership with Alibaba’s Ele.me ends this year, Sina Tech reported Thursday. The US coffee giant is reportedly talking to courier SF Express, food delivery platform Meituan, and Sam’s Club, Walmart’s membership-only retail chain, which gained delivery capabilities in China through a partnership with Dada Nexus. [Sina Tech, in Chinese]
Shanghai’s recent Covid outbreak has pushed companies to rethink the importance of last-mile delivery capabilities, which is a weak point for Pinduoduo.
Alipay has now joined the digital yuan processing network, making it the first payment platform to support China’s national digital currency, Li Chen, Chief Compliance Officer of Alibaba’s fintech arm Ant Group, announced at a digital trade forum on Monday. Alipay users in China’s digital yuan pilot areas will now be able to use the […]
ByteDance-owned Douyin has achieved its yearly target set for local life service ahead of schedule, reaching RMB 50 billion ($6.98 billion) GMV in October, Chinese media outlet 36Kr reported, citing several unnamed sources. Why it matters: The short video app, which has more than 600 million daily active users, introduced functions like ordering food and […]
China’s three major express courier platforms – JD backed-Dada, SF Express’ SFTC, and Shansong – announced on Monday evening that they will provide same-city logistics services for ByteDance-owned Douyin’s local life services arm, posing a direct threat to the sector’s dominant platform Meituan. Short video platform Douyin, which has nearly 700 million daily active users, […]
Several Alibaba affiliated apps now support Tencent’s WeChat Pay, a rival of Alibaba’s Alipay. The apps include food delivery service Ele.me, video app Youku, e-commerce site Kaola, entertainment ticketing platform Damai, and online reading app Shuqi. The change came less than a month after Beijing asked companies to stop blocking links to rivals’ services. Other Alibaba apps such as second-hand trading service Idle Fish and grocery app Freshippo are waiting for Tencent’s approval to support WeChat pay. [Sina Tech, in Chinese]
Meituan made the move less than two weeks after regulators asked platforms cut fees for restaurants suffering from the coronavirus outbreak.
Yu Yongfu, the newly appointed CEO of Alibaba’s Local Life department, is gearing up for a major organizational reshuffle, local media LatePost reported. Yu plans to reorganize the local life services sector of the company – which includes travel service Fliggy, delivery platform Ele.me, and map app AutoNavi – into ten business units including five consumer-facing business units, four enterprise-facing segments and one infrastructure service unit for logistic support. Yu, the former head of Alibaba’s entertainment arm, was appointed as chief executive officer of Alibaba’s local service department on Tuesday. Alibaba’s move comes on the heels of organizational adjustments made by ByteDance and Meituan. [LatePost, in Chinese]
On Thursday, Chinese e-commerce giant Alibaba posted a 3% rise in third-quarter revenue from a year ago, hitting RMB 207 billion ($29 billion), slightly lower than the average estimations compiled by Yahoo Finance analysts. The company also reported a net loss of RMB 20.6 billion, which it said was mainly due to the decreased value […]
Expansion in the food delivery sector has decelerated sharply from 2017 and 2018.