Foreign media: Alibaba briefly surpassed Meituan in the food delivery and instant delivery market, mainly due to large-scale subsidies.
According to LatePost, on Thursday of last week, the order volume of Taobao Flash Sales, a subsidiary of Alibaba, reached 100 million orders, only 20 million less than Meituan; after Meituan's promotion ended on Friday and Saturday, the order volume of Taobao Flash Sales exceeded that of Meituan.
Morgan Stanley analysis stated that the Chinese instant delivery industry is shifting from Meituan's "near-monopoly" to a "duopoly" with Alibaba. Alibaba is seizing market share by offering high subsidies to consumers, couriers, and merchants. It is expected that by 2030, both companies will have equal market shares. In the food delivery sector, Meituan's transaction volume share may reach 75% by 2030, but its share in the entire instant delivery market may drop to 48%, almost matching Alibaba's 47%.
Original article: www.toutiao.com/article/1840326188984327/
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