0913 GMT - Competition could become stiffer in China's on-demand market, HSBC research analysts say in a note. Alibaba Group could leverage cross-selling opportunities on e-commerce platform Taobao's massive user base, the analysts say. JD.com's edge in consumer electronics and fast-moving consumer goods remain its strongest line of defense, the analysts note. They add that it may take time for JD.com to expand its delivery network to meet the surge in orders. Delivery efficiency and an expansive network of warehouses will likely defend Meituan's leadership position, even in the medium run, the analysts say. They maintain a buy rating on Meituan, Alibaba and JD.com. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 12, 2025 05:13 ET (09:13 GMT)
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