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JD.com Mulls Taking On Meituan and Alibaba in Food Delivery

  • Partnership with logistics affiliate Dada could lay groundwork
  • JD hunts for new revenue streams as core ecommerce slows
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WATCH: China’s No.2 online retailer JD.com sees worrying signs that shoppers are less willing to reopen their wallets even as major cities emerge from Covid lockdowns. Source: Bloomberg

JD.com Inc. is exploring a possible foray into food delivery, a top executive said, potentially pitting the Chinese e-commerce giant against two of the country’s most formidable tech companies.

The company has “considered and explored” launching an on-demand food delivery service, JD Retail Chief Executive Officer Xin Lijun said in a Bloomberg TV interview. “As for when we will start doing it, it will depend on our capacity and when we can build up a talent team.”