Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM: JD-SW Not Intended to Vying for Food Delivery Mkt Shr at All Costs, Hopes for Synergy with E-Commerce Biz
Recommend 8 Positive 13 Negative 3 |
||||
|
||||
|
JD-SW (09618.HK) disclosed at an investor conference that it has no intention to compete for food delivery market share at all costs, meaning that short-term actions by its competitors won't disturb its pace, and that its fundamental goal is to achieve synergies with the traditional e-commerce business, facilitate cross-sell on its e-commerce platform through delivery services, and enhance user engagement, according to JPMorgan's research report. Management emphasized that JD-SW will focus on healthy growth in the order volume and user base, along with UE improvements. It also revealed that 40% of the new users acquired through the delivery service in March became e-commerce users by July. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
