Meituan's Latest Move Rivals Against Likes Of Alibaba, JD

  • Meituan MPNGY, famed as the "Amazon.com Inc AMZN of services" in China, looked to expand its bouquet of services, tech node reports.
  • The giant service app, whose services ranged from food delivery to travel booking, expanded to selling physical goods akin to Amazon.
  • Meituan's latest move fired up rivalry against China's domestic retail giants like Alibaba Group Holding Ltd BABAJD.com Inc JD, and Pinduoduo Inc PDD.
  • Douyin and Kuaishou's debut had already rendered the Chinese e-commerce market more fragmented than when Alibaba, JD, Pinduoduo purely ruled it.
  • Starting by selling food and beverages, Meituan now looked to become a comprehensive e-commerce platform to win a larger share of China's trillion-dollar online retail market.
  • Meituan looked to move beyond the daily services (food deliveries) and groceries to tangible goods like consumer electronics, cosmetics, and clothing.
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