Total Assets
Enduring value guardianThis battle won't stop in the short term.
Food delivery is my bread and butter.
According to reliable sources, in cities like SZ, each TB loses nearly 8 yuan.
It's really a money-burning business, too competitive.
In the short term, Meituan, Alibaba, JD.com, and even Kuaishou need to be careful.
$Alibaba(BABA.US)
JD.com: Hundreds of Billions in Profits Wiped Out with One Click, How Long Can the Food Delivery Dream Last?
The 'trigger' of the food delivery war -- $JD.com(JD.US) delivered its first earnings report on the evening of August 14th, reflecting the impact of its investment in food delivery. In summary, this quarter's performance can be described as 'divided.' The core business—mall segment revenue and profit both exceeded expectations, but on the other hand, the losses caused by food delivery were also far above expectations, dragging the group's overall operating profit into negative territory, which is quite alarming. Key points are as follows: 1. Revenue beat significantly, profit missed significantly: In terms of overall figures, JD.com's total revenue for the quarter increased by 22% year-on-year, far exceeding the market expectation of 15%...
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