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Alibaba and JD.com invest billions in fast delivery to dominate China's instant retail market.
Alibaba and JD.com are heavily investing in fast delivery services to compete in China's instant retail market, offering deliveries in 30 to 60 minutes.
Both companies have pledged billions in subsidies to attract consumers with discounts, with JD.com's JD Takeaway and Alibaba's Ele.me each committing 10 billion yuan.
This move is seen as crucial for growth, especially for JD.com, whose traditional e-commerce business is stagnating.
Despite the high costs, the companies aim to boost sales of higher-margin goods by leveraging their existing delivery infrastructures.
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Alibaba y JD.com invierten miles de millones en entregas rápidas para dominar el mercado minorista instantáneo de China.