Alibaba and JD.com waive delivery fees, enhance services in Hong Kong's e-commerce sector.

Alibaba and JD.com are ramping up competition in Hong Kong's e-commerce sector by waiving delivery fees and enhancing services like local returns. Alibaba is investing 1 billion yuan ($142 million) to improve its Taobao platform, while JD.com plans to spend 1.5 billion yuan on new services, including free deliveries for orders over 299 yuan. Despite these efforts, both companies' stocks have declined following a recent rally tied to China's stimulus measures.

October 03, 2024
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