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JD-SW: JD Food Delivery to Maintain Anti-Rat-Race Rivalry Stance, Resist Malicious Subsidies
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JD-SW (09618.HK) issued a statement titled “Fulfilling Main Responsibility and Social Responsibility, Building a Healthy Ecosystem for the Food Delivery Industry”, highlighting the recent widespread attention on subsidies in the food delivery industry. Many industry associations and merchants voiced their hope to cease involution competition subsidies like “Zero Yuan Purchase”. The group commits to regulating subsidy behavior, resisting malicious competition, improving service quality, and promoting mutual benefit and win-win outcomes. The group stated that JD Food Delivery will continue to uphold its anti-involution competition stance, firmly barring unfair competition and resisting malicious subsidies like “Zero Yuan Purchase”. It will not reflect market position by order volume or create market bubbles. JD provides merchants with commission incentives, advertising incentives, traffic support, delivery fee subsidies, explosive product operations, and exclusive after-sales services to help good merchants run their business better. It also optimizes rider protection, enhancing the sense of dignity and fulfillment for delivery riders. The aim is to build a positive ecosystem and virtuous cycle for consumers, merchants, riders, and platforms in the food delivery industry. AASTOCKS Financial News Website: www.aastocks.com |
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