0913 GMT - Freshly made drink companies stand to benefit the most from the intense price competition among Chinese food-delivery platforms, Daiwa analysts say. They note that Alibaba's Ele.me, China's second-largest food-delivery platform, plans to roll out a 10 billion yuan subsidy program to compete with Meituan and JD.com. The analysts add that demand for food delivery has surged beyond Daiwa's expectations since the aggressive launch of JD.com's food-delivery business in February. JD.com has since hit a daily order high of 10 million, compared with 60 million for Meituan, they note. Daiwa cautions that the industry's average selling prices will remain under pressure in the near term, though beverage chains could demonstrate growth in April. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 02, 2025 05:13 ET (09:13 GMT)
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