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<Research>G Sachs Lists Recent Developments in Instant Retail Biz of CN E-commerce Platforms (Table)
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Goldman Sachs published a report on the Chinese e-commerce industry, listing recent developments in instant retail for mainland e-commerce platforms: 1) MEITUAN-W (03690.HK) Food Delivery: Daily average order volume exceeded 90 million since June Instant Retail: Over 100 million users during the 618 Shopping Festival MT Instashopping saw transaction volume growth of more than 1x across over 60 product categories 2) BABA-W (09988.HK) Food Delivery: Combined daily order volume of Ele.me and Taobao Instant Commerce May 26 (daily orders 40 million) -> June 23 (daily orders 60 million) Target to reach 80 million daily orders by the end of August 3) JD-SW (09618.HK) Food Delivery: Daily average order volume exceeded 25 million in June Riders: Over 120,000 full-time riders hired by mid-June Aiming to surpass 150,000 by the end of June AASTOCKS Financial News Website: www.aastocks.com |
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