Whether Alibaba sells those businesses or not, it’s growingly evident that the Chinese tech giant is shifting its focus from new retail back to e-commerce.
The president of Meituan’s in-store business candidly discussed the company’s prospects in his new year’s message, addressing the challenges posed by competitors like Douyin.
Increasing demand for faster deliveries has spurred the rise of quick commerce. Raphael Zennou of Foodpanda explores the concept’s emergence and the company’s take on it.